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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.
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.
JAKARTA (Bloomberg): Indonesia is working on a second stimulus package to shore up Southeast Asia’s biggest economy, adding to the central bank’s aggressive moves to counter the impact of the coronavirus on financial markets.
BEIJING: Nearly 300 million people have gone back to work in China since the Lunar New Year break as more companies restart business and coronavirus travel restrictions ease, although many small firms are still struggling to find enough workers to run plants.
BANGKOK (AP): Share prices in Asia bounced back Monday (March 2) from last week's retreat, with mainland Chinese indexes gaining more than 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak.
BEIJING (AP): Global stock markets followed Wall Street lower Friday (Feb 21) after a spike in new virus cases in South Korea refuelled investor anxiety about China's disease outbreak.
HONG KONG/TOKYO (Bloomberg):Key gauges for manufacturing in Australia and Japan fell while early export orders for South Korea showed a slump in Chinese demand. Data from China showed car sales sank 92 per cent in the first half of February while its Commerce Ministry said trade and inbound investment would take an increasing hit from the epidemic.
BEIJING (China Daily/ANN): The Chinese economy is expected to ride out the pressure brought by the novel coronavirus outbreak and maintain strong economic growth by global standards this year, economists said on Thursday (Feb 6).
PETALING JAYA: The Malaysian economy is expected to have an upbeat outlook this year after the Purchasing Managers' Index (PMI) hit 50.0 points in December, the highest in 15 months, says Lim Guan Eng.