Chinese manufacturing is still contracting, but HSBC flash PMI suggests that the sector is starting to stabilize. Shanghai, Hong Kong, Tokyo, and Australian exchanges all fall after weak Chinese manufacturing data.
Sporadic, violent protests against Japanese businesses broke out across China this weekend after the Japanese government announced that it had purchased from private Japanese owners islands that are claimed by China.
Chinese surveillance ships briefly entered waters near disputed islands in the East China Sea that fuel nationalist passions on both sides. Will Beijing ultimately accept Japan's reasoning for the move?