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Post by bot on Oct 1, 2013 6:00:07 GMT -5
LOS ANGELES (MarketWatch) -- China's official monthly manufacturing gauge edged higher in September, rising to 51.1 from 51 in August, according to data released Tuesday. Any reading above 50 indicates activity is expanding. The result compared with expectations for a September reading of 51.6, according to estimates reported by Dow Jones Newswires. On Monday, a version of China's manufacturing gauge from HSBC and Markit showed a final reading of 50.2 from 50.1 in August. A preliminary version of the HSBC China PMI for August, however, was higher, at 51.2. Trading was closed for mainland Chinese and Hong Kong equities in observance of the Golden Week holiday. Australia -- which is very sensitive to economic data from China, its top trading partner -- saw its own benchmark S&P/ASX 200 slightly pare losses to 0.1% at 5,214.20. The Australian dollar [a: audusd] was little changed at 93.20 U.S. cents compared with 93.17 U.S. cents ahead of the data
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