1/2/2019, 7:59 AM (Source: TeleTrader)
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Asian markets kick off 2019 with losses

Markets in East Asia and Australia traded with significant losses on Wednesday after the release of the disappointing manufacturing activity data in China. The sector contracted for the first time since May 2017, according to the Caixin and IHS Markit survey. Meanwhile, China's President Xi Jinping stated that the military option is not excluded in case Beijing finds it necessary to protect its interests in breakaway Taiwan.

In Japan, the Nikkei 225 was closed for a public holiday. The South Korean Kospi Composite fell 1.52% at the close.

In China, The Shanghai Composite index was down 1.18% at 7:54 am CET, while the Shenzhen Composite tumbled 1.24% at 7:56 am CET. Hong Kong's Hang Seng decreased 2.76% at the same time.

Australia's S&P/ASX 200 slid 1.57% at 6:17 am CET.

The dollar weakened 0.35% against the yen and sold for ¥109.2605 at 7:58 am CET.

Breaking the News / NI