China's PMI falls from 27-month high in Aug

CHINA'S official Purchasing Managers' Index (PMI) which tracks sentiment in the manufacturing sector fell from a 27-month high in August, pointing to continued weakness in the economy, mainly in the property sector.

The reading came in at 51.1 points, according to a statement published by the statistics bureau. This compared with 51.2 in a Reuters poll and July's 51.7.

Meanwhile, HSBC's final PMI reading, geared towards smaller firms than the official one, also dropped on Monday, falling to a three-month low of 50.2, a dip from the flash reading of 50.3.