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Asia markets mixed after China manufacturing slumps to 6-month low; real estate drags Hang Seng index

Asia-Pacific markets were mixed on Monday, with some major markets reversing losses as investors assessed China's business activity numbers released over the weekend, while awaiting a slew of data due later this week. China released its official purchasing managers' index data for August. The manufacturing PMI fell to a six-month low of 49.1, a faster contraction compared to the 49.4 seen in July. The figure also missed the median forecast of 49.5 from economists polled by Reuters, with the index marking its fourth straight month in contraction territory. On the other hand, China's non-manufacturing PMI climbed to 50.3, up from July's 50.2. Among the economic data coming out from major markets in the region are inflation numbers from South Korea, Australia's second-quarter GDP data, as well as data on pay and household spending from Japan later this week.

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