Asian Market Update : Epic Research Malaysia

Asian equity markets opened mixed on Thursday, as an uninspiring finish on Wall Street overnight and data due out of China kept investors on edge. China flash Markit/HSBC purchasing managers' index (PMI) for May, scheduled for release at 0945 SIN/HK, is estimated to come in at 49.3, according to a Reuters poll, signalling that the Asian economic giant's massive factory sector remains in contraction.

The forecast is slightly above the final HSBC reading of 48.9 in April, but below China's official print at 50.1 last month.

The 50-point line demarcates expansion from contraction. Overnight, US stocks failed to hold record levels and finished narrowly mixed after Fed minutes mostly confirmed market expectations for a rate hike later this year. As a result, the Dow Jones Industrial Average shed 0.15 percent, while the S&P 500 and the tech-heavy Nasdaq ended nearly flat.

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