Asia-Pacific stocks mostly slip as data shows China factory activity growth slowed in August

SINGAPORE Shares of Asia-Pacific fell in Tuesday morning trade as data revealed a slowing in Chinese factory activity growth.
The Shanghai component fell 0.28 percent in mainland China while the Shenzhen component dropped 0.236%.

Data released Tuesday showed that China's factory activity increased at a slower rate in August than the previous month. The August official manufacturing purchasing managers' index was 50.1, compared to July's 50.4.

PMI readings over 50 indicate expansion and those below 50 indicate contraction. PMI readings can be interpreted as sequential and indicate month-to-month expansions or contractions.

In Tuesday morning trade, shares of Tencent Hong Kong and Netease, which are listed on the Hong Kong Stock Exchange, fell by 1.98% and 3.87 percent, respectively. This was after China's National Press and Publication Administration published new rules Monday that would limit video game play to three hours per week for those aged under 18.

The Hang Seng index in Hong Kong was 0.5% lower.

Japan's Nikkei225 lost 0.1%, while the Topix index fell 0.2%. South Korea's Kospi dipped 0.15%.

The S&P/ASX 200 in Australia performed better than the rest, with a 0.1% increase.

The MSCI's Asia-Pacific broadest index outside Japan was 0.33% less.