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Market driven by weak Chinese data

CHINA’S weaker-than-expected manufacturing data weighed on stocks overnight, but was good for gold, pushing the precious metal to a more than two-month high.

Kristie Batten

The HSBC Flash China Manufacturing PMI index fell to 49.6 in January, a six-month low, down from 50.5 in December. On Wall Street, the Dow Jones Industrial Average dropped nearly 1.1%, while the S&P...

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