The Shanghai Composite was up 0.9 percent, but most of the rest of Asia was down as after China's Flash Manufacturing Purchasing Manager's Index (PMI) came in stronger than expected , at 50.5 vs 50.0. New orders also rose to 52.3, up from 51.3.
That helped the Australian stock market rise 0.9 percent. Base metals, however, are mixed: copper and aluminum are down, while nickel is rising. Europe, however, is weak across the board, and that fed into early weakness on Wall Street. PMIs there showed clear signs of a slowdown.