Asia's factory activity grows but Ukraine crisis clouds outlook

Manufacturing activity also expanded in Malaysia as it gradually re-opened its economy even as Omicron infections continued their spread. - Bloomberg

TOKYO (Reuters): Asia's factories sustained a brisk recovery in February amid signs the coronavirus was having less of an impact of business, but the Ukraine crisis has rapidly emerged as a fresh risk that could disrupt supply chains and worsen cost pressures.

Strong international sanctions against Russia in response to its invasion of Ukraine have jolted markets and boosted oil prices, adding to headaches for Asian economies and businesses already reeling from rising input costs.