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 Analysts at ING Bank noted the key events from Asia.

Key Quotes:

“China is out for the whole week.”

“Data over the weekend and first thing this morning have a somewhat sinister tone that may reflect the trade war’s impacts. Chinese PMI data over the weekend showed a poor manufacturing survey contrasting with a better non-manufacturing outcome.”

“The Tankan survey for Japan did the same, and China’s more export-oriented Caixin survey was also soft, while  South Korea’s export numbers for September were also worse than expected at -8.2%YoY. “

“Manufacturing PMI’s for the Asian region are also out, though the news is more mixed here, there does look to be patchy confirmation of the weak manufacturing story with notable exceptions (Malaysia for one, and South Korea, though this seems at odds with the trade data – it may reflect some progress on inventory destocking).”