Asian Shares Mixed In First New Year Session, China Bounces On Caixin PMI

Asian shares mixed – Asian shares were mixed on Tuesday with China posting strong gains, but Sydney faltered with markets in Tokyo shut for a holiday.

Australia’s dipped 0.31%. In Greater China, the rose 1.08% and the jumped 1.68% after a private manufacturing survey.

In Asia, the for December jumped to 51.5, compared with a reading of 50.6 seen.

The official China PMI was released on Sunday and dipped to 51.6 in December, down from 51.8 in November but in line with forecasts from economists in a Reuters poll. But the overall reading still appeared relatively solid, and marked the 18th straight month that the sector has expanded. The 50-point level divides growth from contraction on a monthly basis.

The China services PMI rose to 55.0 in December, compared with 54.8 in November

Markets in New Zealand and Japan were shut for holidays.

Last year, the closed about half a percent lower but still held gains of 19.4% for the year, its best since 2013.

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