Taiwan halts factory slump in sign of rebound

The semiconductor powerhouse posted a manufacturing purchasing managers index of 50.2 last month, up from 49.3 in March. — Bloomberg

Taipei: Taiwan’s factory activity expanded for the first time in two years, leading a broad rebound in Asia.

The semiconductor powerhouse posted a manufacturing purchasing managers index (PMI) of 50.2 last month, up from 49.3 in March and posting its best result since April 2022, according to data published yesterday by S&P Global.