Market Update: The S&P/ASX 200 was lowered by 0.4% at 5,078 points after the release of a weaker China November PMI by HSBC Holdings Plc

Market Update: The S&P/ASX 200 was lowered by 0.4% at 5,078 points after the release of a weaker China November PMI by HSBC Holdings Plc. and caution ahead of the U.S. Federal Reserve meeting on Tuesday and Wednesday. Resources were lower with BHP falling 0.6% and RIO down 0.8%. Financials were also in the red with all major banks down between 0.1% and 1.0%. The AUD is steady at US$0.8960. The SPI was down 0.3% at 5,078 points on the Sydney Futures Exchange