BEIJING | Asian stocks skid after weak China factory readings
BEIJING —Jan 02, 2019 — Asian stock markets tumbled Wednesday as 2019 trading began, after surveys showed Chinese manufacturing weakening.
KEEPING SCORE: The Shanghai Composite Index lost 1.1 percent to 2,465.29 and Hong Kong‘s Hang Seng fell 2.6 percent to 25,161.03.
Japan’s markets were closed. Seoul’s Kospi lost 1.3 percent to 2,013.80 and Sydney’s S&P-ASX 200 shed 0.9 percent to 5,593.80.
Manila advanced while Singapore and Jakarta retreated.