China’s manufacturing contracted for an 11th straight month, a private survey found, increasing pressure on the government to bolster growth in the world’s second-largest economy. The purchasing managers’ index from HSBC Holdings Plc (HSBA) and Markit Economics was at 47.9 for September from 47.6 in August. Export orders declined at the fastest pace in 42 months and purchasing activity in …
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Asian growth boosted by manufacturing
GOOD ECONOMIC NEWS:Improved PMI figures in India and China, and South Korea’s biggest increase in exports in six months, are positive signs for global growth prospects Bloomberg China’s manufacturing expanded at a faster pace last month and a gauge for India showed sustained growth, indicating that Asian economies are maintaining momentum even as the eurozone debt crisis caps exports. In …
Read More »Asia stocks rise as China manufacturing improves
BANGKOK -Asian stocks rose Friday as the U.S. jobs market showed new signs of improvement and global banks avoided a hit from Greece’s debt crisis. Japan’s Nikkei 225 index rose 0.4 percent to 9,747.80 and Hong Kong’s Hang Seng climbed 1 percent to 21,607.49. South Korea’s Kospi added 0.5 percent to 2,041.14. Australia’s S&P/ASX 200 was up 0.3 percent to …
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