Financial Markets and Index Japan

plant equipment: Related:Lagarde warns of Chinese slowdown as markets slide again - live updates The Nikkei share index in Japan closed down 3.8%, worsened by figures which showed Japanese firms are not investing in new plant and equipment because of concerns about demand from China, according to The Guardian. The Chinese and Hong Kong stock markets were also in the red. Two closely watched barometers of factory activity released on Tuesday were at multi-year lows, reviving concerns about the state of the country economy which caused a major sell-off on the world financial markets last week. The Shanghai Composite index was down 1.2%. In Korea, the Kospi index was down 1% after worse than expected export figures and in Australia the ASX200 index closed down 2.12% as economic growth threatens to dip into negative territory for the latest quarter when figures are released on Wednesday. The index, compiled by the Chinese Federation for Logistics and Purchasing, is based on a 100-point scale on which numbers above 50 indicate expansion. China official manufacturing index based on a survey of factory purchasing managers fell last month to 49.7, the lowest level since August 2012, from 50.0 in July. (news.financializer.com). As reported in the news.