TOKYO : Asia's factory activity stalled in February with the exception of China, as slowing global demand, stubbornly high inflation and the fallout from past interest rate hikes weighed on the region's economies, surveys showed on Wednesday.Recovering momentum in China following its exit from stringent C
TOKYO : Asia's factory activity stalled in February with the exception of China, as slowing global demand, stubbornly high inflation and the fallout from past interest rate hikes weighed on the region's economies, surveys showed on Wednesday.
India and Australia saw economic growth slow in the quarter to December, and South Korea's exports fell in February for a fifth straight month, highlighting the pain slowing global demand was inflicting on the region's manufacturers. China's recovering economy, the world's second largest, may not be enough to offset headwinds from weak chip demand and supply constraints for export-reliant economies such as Japan.
Factory activity continued to shrink in Taiwan and Malaysia in February, and expanded at a slower pace than in January in the Philippines, surveys showed.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China new home sales rise sharply in February - private surveyBEIJING : China's new home sales rose sharply in February from a slump in the previous month, buoyed by a rise in demand in small and medium-sized cities after the scrapping of COVID curbs and supportive property policies, a private survey showed on Monday.New home sales by floor area in 16 selected Chine
Read more »
China's factory activity likely continued to grow in February - Reuters pollBEIJING : China's factory activity is expected to have continued to grow in February, a Reuters poll showed on Monday, suggesting that the flashes of domestic demand seen since the zero-COVID policy ended are now strong enough to rekindle upstream sectors.Domestic orders and consumption drove output highe
Read more »
Exclusive-JPMorgan proposes new Asia credit index with lower China weighting -sourcesHONG KONG : JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and dimming appetite for Chinese property bonds. For the new index, JPMorgan has suggested the weightin
Read more »
China probes mining practices in 'lithium capital of Asia'The investigation could entail widespread mine closures and knock-on repercussions internationally. Read more at straitstimes.com.
Read more »
Philippines files 10 protests against China in 2 months over South China Sea rowThe move underscores renewed tensions between the two nations over the disputed waters. Read more at straitstimes.com.
Read more »