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A brisk U.S. economic recovery and stalled factory production in other countries hit by coronavirus have propped up demand for goods made in China
GDP declines 0.74% in Q1 as domestic demand drags
Indonesia is setting its sights on a sharp turnaround starting this quarter as it assembles more stimulus programs to lift stubbornly weak domestic demand.
Bursa Malaysia is expected to continue cautious trading next week as investors may remain on the sidelines ahead of Bank Negara Malaysia's (BNM) policy meeting on Thursday.
Tin prices surged after Malaysia Smelting Corp, the world's third largest tin producer, told clients its smelting operation was severely affected by the COVID-19 pandemic.
NEW YORK: Oil prices fell from six-week highs on Friday as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared.
Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery.
TOKYO: Japan's factory activity expanded in April at the fastest pace since early 2018 on a global demand recovery, a private sector survey showed on Friday, though new coronavirus curbs cast a shadow over the overall economic outlook.
BEIJING: China's factory activity in April expanded at the fastest pace in four months on stronger demand, but concerns over surging raw materials and input costs clouded the outlook, according to a private survey released on Friday.