China's flash HSBC PMI  for April slides to 50.5, missing expectations by a full point and...

|By:, SA News Editor

China's flash HSBC PMI  for April slides to 50.5, missing expectations by a full point and against March's read of 51.6. "New export  orders contracted after a temporary rebound in March, suggesting external demand for China's exporters remain weak," says HSBC. "Weaker overall demand has also started to weigh on employment in the manufacturing sector." Shanghai (FXI, CAF) is off 1.5 in early trade. Hong Kong (EWH) -0.9%.