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LONDON/TOKYO/WASHINGTON: Factories fell quiet across much of the world in March as the coronavirus pandemic paralyzed economic activity, with evidence mounting that the world is sliding into deep recession.
Small step back in March but steeper declines expected in Q2
TOKYO: Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralyzed economic activity across the globe, with sharp falls in export power-houses Japan and South Korea overshadowing a modest improvement in China.
KUALA LUMPUR: Stocks to watch on Wednesday include Scicom MSC Bhd, Eversendai Corp Bhd and mTouche Technology Bhd, according to JF Apex Research.
SYDNEY: Asian shares were closing out a calamitous quarter with a tentative rally on Tuesday (March 31) as factory data from China held out the hope of a rebound in activity, even as much of the rest of the world shut down.
SYDNEY/HONG KONG: Asian shares were set to close out a calamitous quarter by eking out a small rally on Tuesday as factory data from China held out the hope of a revival in activity, even as much of the rest of the world shut down.
BEIJING (Xinhua): The purchasing managers' index (PMI) for China's manufacturing sector firmed up to 52 in March from 35.7 in February, the National Bureau of Statistics (NBS) said Tuesday (March 31).
BEIJING, (AFP): Factory activity in China rebounded in March from a record low, according to official data released Tuesday (March 31), returning to expansion territory while the coronavirus pandemic continues to devastate the global economy.
KUALA LUMPUR: A firmer overnight close on Wall Street and an unexpected jump in China’s factory data helped lift key markets including Bursa Malaysia.