Activity in China's manufacturing sector shrank in October for the third straight month, data showed Sunday, fanning fears that growth in Japan's key trade partner is slowing faster than policymakers admit. CURRENCIES: The dollar was fetching 120.28 yen, down from 120.62 yen in the previous session. The Caixin China manufacturing purchasing managers' index, a private gauge of China's manufacturing activity which shows private enterprises over and above the official reading, rose to 48.3 in October, marking the eighth-straight month of contraction and up from 47.2 in September. "It's been a volatile start to markets in China this morning following the latest data", said Deutsche Bank strategist John Reid. "We are certainly seeing a pull back from the strong October equity rally, although a weak set of USA data this week could be taken as a positive if it definitively pushes back expectations for a Fed rate hike into 2016". WakeyWakeyNews http://wakeywakeynews.com/4913/chinas-pmi-triggers-a-drop-in-asian-shares
