Preliminary results of a new survey of Chinese factories show a slowdown is occurring.The HSBC/Markit Economics China Flash PMI for November came in at 50.5,a three month low,missing the Bloomberg estimate of 50.9 and declining from November's final number of 50.8.Over 50.0 signifies growth in the manufacturing sector.The report revealed weakness in output gains and employment,although new orders were up.
Asian shares were down almost across the board on the news,along with fears of a Federal Reserve cutback in asset purchases,with the Nikkei dropping 1.62% in Monday trading and the Shanghai Composite off 1.60%.*
A late Sunday clash in a village near Kashgar in Northwest China's Xinjiang Province left 16 dead,according to official news agency Tianshan. Muslim Uighur militants reportedly attacked police with explosive devices and knives,killing 14 officers.Two police also died.The area has a history of unrest aimed at Han Chinese immigration into the ethnic Turkic region.*
Sergio Garcia took his fourth Asian Tour career victory Sunday at the Thailand Golf Championship at Amata Spring Country Club in Bangkok.It was the Spaniard's first and only win of the now-concluded 2013 season.He hadn't won since last December at the Johor Open in Malaysia.
Henrik Stenson of Sweden was second on the leader board,and Frenchman Alexander Levy finished third.
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