Emerging markets: Philippine stocks slump as Asian stocks fall on China's PMI, antitrust push

Government workers wearing a protective suit disinfect a Covid-19 testing site to curb the spread of the coronavirus in Quezon city, Philippines on Thursday, April 29, 2021. The Philippines is extending an already monthlong lockdown by two weeks as the country's worst coronavirus infection spike starts to ease but remains alarming. - AP

MANILA, April 30 (Reuters): Most equity markets in emerging Asia fell on Friday, with Philippine stocks leading the losses, as weaker-than-expected Chinese factory indicators and concerns about Beijing's clampdown on internet companies weighed on sentiment.

Data from the national Bureau of Statistics (NBS) in China showed the official manufacturing purchasing managers' index (PMI) fell to 51.1 in April from 51.9 in March.