Chinese PMI data, released over the...........>

CHINA: Chinese PMI data, released over the weekend, exhibited tentative signs

that the effects of the trade war with the U.S. are starting to bite. The

services sector outperformed, while the m'fing sector slowed.

- Sep's deceleration in the official manufacturing PMI came after a modest

rebound in Aug. The Sep reading was the slowest since Feb, due in part to the

slowing of the econ & increased trade frictions with the U.S. The production

index's growth moderated, the new orders index decelerated, while new export

orders contracted.

- Caixin's manufacturing PMI noted that "generally speaking, expansion across

the manufacturing sector weakened in September, as exports increasingly dragged

down performance and continued softening demand began to have an impact on

companies' production. In addition, the employment situation worsened further.

Downward pressure on China's economy was significant."