The equity markets across the Asia Pacific (APAC) region were a mixed bag on Monday, as China reported less-than-expected growth in its manufacturing activity. Mainland Chinese stocks were in the red, with the Shanghai Composite down by 20 basis points, and FTSE China A50 down 1.34per cent. On the other hand, Shenzhen component was up 28 bps. In the Chinese Autonomous Region of Hong Kong, the Hang Seng index fell by 34 bps.
We are discussion cruide oil performance. Brent crude futures settled up 0.9per cent, at US$69.32 per barrel, off the session’s high of US$69.82, while West Texas Intermediate (WTI) crude also rose 0.9per cent and closed at US$66.91 per barrel. Australian energy producers such as Santos Limited, Oil Search Limited and Woodside Petroleum Limited could trade higher today. Shanghai Futures Exchange closed 0.9per cent up at 73,950 yuan (US$11,617.68) per tonne, registering a 2.1per cent monthly gain.