| * Faltering Chinese factory growth adds to rebound fears * Mexico faces uphill struggle to reverse faltering growth * Modi accuses Gandhi dynasty of 'strangling democracy' in India * Jail sentence for China's 'house sister' * Jump in Korea's industrial output signals broader recovery * Sovereign wealth funds turn to emerging markets * UK fund bosses eye EM equity markets * Global banks cautious on Shanghai free-trade zone * Markets: down Faltering Chinese factory growth adds to rebound fears: China's manufacturing growth this month was much weaker than initial estimates, according to an industrial survey that raises concerns about the durability of the economy's rebound. The purchasing managers' index published by HSBC edged up to 50.2 in September from 50.1 in August.
http://on.ft.com/1bUTNxd Mexico faces uphill struggle to reverse faltering growth: Though there have been some newly encouraging signs – such as a boost in retail sales in July for the third month running and promising economic activity data that could help rev up growth – the Ingrid and Manuel storms that battered both coastlines simultaneously will only deepen Mexico's sudden slowdown in gross domestic product growth.
http://on.ft.com/18C0Vte Modi accuses Gandhi dynasty of 'strangling democracy' in India: Narendra Modi, prime ministerial candidate of India's Hindu nationalist opposition Bharatiya Janata party, accused the ruling Congress party's powerful Nehru-Gandhi dynasty of "strangling democracy", as he addressed a huge political rally in New Delhi on Sunday.
http://www.ft.com/cms/s/0/a7a70a56-28f2-11e3-ab62-00144feab7de.html Jail sentence for China's 'house sister': A former Chinese banker was sentenced to three years in prison on Sunday for using forged documents to amass a portfolio of more than 40 Beijing properties, in the latest high-profile prosecution of figures whose wealth and privilege have aroused widespread public anger.
http://on.ft.com/1eRin2Z Jump in Korea's industrial output signals broader recovery: Industrial production in Korea is humming at a nine-month high. New figures from Korea's National Statistical Office showed output jump 1.8 per cent in August, pulling up the year-over-year gain to 3.3 per cent from 0.9 per cent in July.
http://www.ft.com/fastft?post=45692 Sovereign wealth funds turn to emerging markets: Sovereign investors are increasingly keen to invest in emerging markets such as Africa, China and Latin America at the expense of continental Europe and the UK, according to a study of 37 institutions with $4.7tn of assets.
http://on.ft.com/1eR1ghX UK fund bosses eye EM equity markets: UK money managers feel emerging market equities are the most undervalued major asset class, after the US Federal Reserve assuaged fears by unexpectedly delaying its plans to "taper" its monetary stimulus programme. More than half of all investment managers polled by the CFA Society of the UK said that the stock markets of developing countries were either somewhat or very undervalued, up from 44 per cent last quarter and the most since the survey began in early 2012.
http://on.ft.com/15EOyum Global banks cautious on Shanghai free-trade zone, reflecting widespread confusion about how the zone will operate, even as regulators have appealed for patience. Citigroup and Singapore's DBS are the only foreign banks that will begin operations in the new zone for now. (Financial Times) Emerging Markets
MSCI Emerging Market Index down -0.75% at 992.37 Americas
DJIA down -0.46% at 15,258
S&P 500 down -0.41% at 1,692
Bovespa down -0.08% at 53,739 Asia
Nikkei 225 down -1.29% at 14,570
Topix down -1.22% at 1,203
Hang Seng down -1.10% at 22,951
Shanghai Composite up +0.61% at 2,173
MSCI Asia ex-Japan down -1.01% at 536.15
CNX Nifty down -0.91% at 5,780 Currencies
€/$ 1.35 (1.35)
$/¥ 97.94 (98.24) Commodities
Brent Crude (ICE) down -0.84 at 107.79
Light Crude (Nymex) down -1.25 at 101.62
100 Oz Gold (Comex) up +0.80 at 1,339 | 
