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"July data signalled that the downturn in China's manufacturing sector intensified at the start of the third quarter," Caixin and Markit said in the release. The result, which missed a median estimate of 48.3 in a survey by Bloomberg News, came after China announced on Saturday that its official PMI slowed further in July, decelerating to 50.0 from 50.2 in June according to the National Bureau of Statistics. The results mean that China's year-on-year industrial production growth for last month may come in lower than their current estimate of 6.8 percent, they added.
HONG KONG/TOKYO (Reuters) - An index of Asian shares outside Japan fell close to this year's lows on Monday thanks to a deepening selloff in commodities and fresh concerns over slowing growth in China, while the dollar held its ground against a basket of currencies.