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World stock markets lower after survey shows a slowdown in Chinese manufacturing growth

Canadian Press, The Canadian Press
0 Comments| April 23, 2013

BANGKOK - World stock markets were mostly lower Tuesday after China's manufacturing growth slowed in April, adding to worries about the health of the world's second-largest economy.

A preliminary survey by HSBC Corp. said its monthly purchasing managers' index fell to a worse-than-expected 50.5 from March's 51.6 on a 100-point scale. That comes on top of data released last week that showed an unexpected slowdown in China's first-quarter economic growth.

© The Canadian Press, 2013

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