Equities in Asia decline despite better-than-expected China PMI data

Asian Market 1

Asian markets lost ground on Friday despite China manufacturing activity beating expectations as select tech shares around the region sold off.

Japan’s Nikkei 225 dropped 1.14 percent to trade below the 20,000 level. The benchmark index traded at 19,990.5 at 9:35 a.m. HK/SIN.

The Kospi slipped 0.41 percent and Australia’s S&P/ASX 200 pulled back 1.31 percent.

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