Asian stocks faltered Thursday as China's manufacturing weakened and the latest Fed minutes reminded investors that U.S. interest rates are likely to rise next year. Manufacturing activity in China fell to a six-month low in November, reflecting sluggishness in the world No. 2 economy and weakness abroad, according to the preliminary version of HSBC's factory survey. Real estate had been a prime driver of China's blistering economic growth in previous years but recent weakness in prices suggests economic growth will continue to slip. The manufacturing data shows how "choppy" China's economy is at present, said Stan Shamu, market strategist at IG in Melbourne, Australia. "Investors will have to exercise extreme caution and patience" before diving back into mining stocks which have weakened as China's economic growth wanes. Benchmark U.S.
Asia Stocks Dragged Down By Weak Manufacturing
By The Associated Press, San Antonio Express-News: World
Wed, 11/19/2014 - 11:01pm
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