Asia: Markets subdued after rally, Hong Kong brushes off protests

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Asia: Markets subdued after rally, HongKong brushes off protests

Earlier, figures out of China and Europe pointed to contraction in their respective factory sectors, while Britain's index fell to its lowest since 2013.Observers said the figures could put further pressure on central banks to provide support to economies with fresh stimulus.

"Stocks may see the next catalysts stem from deteriorating economic data that will support the arguments for the Fed to deliver a stronger commitment to easing and for the other major central banks to step up their efforts," said Oanda senior market analyst Edward Moya. The flare up - on the 22nd anniversary of the handover to China - comes after weeks of massive demonstrations over a push to pass a bill that would allow extraditions to the mainland.

 

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