Asia markets set for mixed open amid a slowdown in China's manufacturing sector

Asia markets set for mixed open amid a slowdown in China's manufacturing sector
Asia markets set for mixed open amid a slowdown in China's manufacturing sector

Asia markets are poised for a mixed start to the trading week following the release of data Sunday that showed a slowdown in China's manufacturing sector.

The Nikkei futures contract in Chicago was at 24,255, while its counterpart in Osaka was at 24,180. The Nikkei 225 last closed at 24,120.04.

In Australia, the SPI futures contract was at 6,171.0 compared to the last close of the ASX 200 at 6,207.6.

The Chinese and Hong Kong markets are closed today.

On Sunday, the release of data showed growth in China's manufacturing sector slowing down in September, with both external and domestic demand weakening. The Caixin/Markit Manufacturing Purchasing Managers' Index — which focuses on small and medium-sized firms in China that are seen as crucial for job creation in the country — fell to 50.0 in September from 50.6 in August. Economists polled by Reuters had expected a reading of 50.5 on average.

The data comes as the U.S.-China trade war continues to escalate, with new tariffs imposed between the two countries on Sept. 24 and Washington threatening to slap tariffs on virtually all Chinese imports into the United States.

In market action on Wall Street last Friday, the S&P 500 saw its best quarterly gain since the fourth quarter of 2013, rising 7.2 percent. The Nasdaq Composite also saw a 7.1 percent gain for the quarter while the Dow Jones Industrial Average advanced by 9.3 percent. The gains came even though the three indexes closed little changed for the trading day on Friday.

In currency news, the U.S. dollar index which tracks the greenback against a basket of peers was at 95.140 as of 7:08 a.m. HK/SIN, off last week's high.

The Japanese yen weakened slightly at 113.77 against the dollar, while the Australian dollar traded largely flat at $0.7226, as of 7:09 a.m. HK/SIN.

— CNBC's Fred Imbert and Reuters contributed to this report.

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