Asia markets poised for muted open; China rolls out tariffs


Regional markets had closed higher on Friday, with the Nikkei 225 rising 1.4 percent and South Korea’s benchmark Kospi index advancing 0.39 percent following the Thursday rally in U.S. markets.

Markets stateside were closed the previous session for Good Friday.

On the economic front, data released on Saturday showed that manufacturing activity in China expanded more than expected in March.The official Purchasing Managers’ Index rose to 51.5 last month, above the 50.5 estimated in a Reuters survey. That also topped the 50.3 figure seen in February.

A reading above 50 indicates expansion. Conversely, a reading below that figure signals contraction.

Ahead, markets will await the release of the Caixin/Markit PMI reading, which focuses on small and mid-size manufacturing in the country.

In corporate news, Toshiba said in a Friday statement that the planned sale of its memory chip unit would likely be completed in April. It added that the company still intended to close the deal “as soon as possible.” The agreement had been previously slated to be completed by Mar. 31.



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