Asian equities were mixed on the first trading day of November as investors digested a raft of Chinese data. Overall, the mood was quiet with Japan closed for a holiday.
HSBC's China final purchasing manager's index (PMI) for October rose to a three-month high at 50.4, unchanged from a preliminary reading and higher than September's figure. The report followed data over the weekend that showed China's official PMI for October falling to a five-month low at 50.8.
Other data on Monday showed the country's services sectorgrowing at its slowest pace in nine months in October, with the official services PMI falling to 53.8 from 54 in September.
Currency movements were in focus after the yen hit a seven-year low against the greenback following the Bank of Japan's surprise bond-buying stimulus on Friday and news of portfolio re-balancing from the Government Pension Investment Fund (GPIF). Meanwhile, the euro dropped to its lowest level in over two years at 1.244 per dollar ahead of the European Central Bank's policy review later this week.