The bitter trade war between China and the United States kept Asian factory acti...
TOKYO - The bitter trade war between China and the United States kept Asian factory activity mostly in decline in August, business surveys showed, strengthening the case for policymakers to unleash fresh stimulus to fend off recession risks.
Export-reliant South Korea, Japan and Taiwan also saw factory activity shrink, underscoring the growing pain from the tit-for-tat tariff war between the world’s two-largest economies. In a fresh escalation of trade tensions, the United States began imposing 15% tariffs on a variety of Chinese goods on Sunday. China reciprocated with new duties on U.S. crude.
Elsewhere in Asia, Japanese manufacturing activity fell for a fourth straight month in August, underlining a darkening outlook for the world’s third-largest economy. Manufacturers surveyed in the PMI data said the end of a construction spike ahead of the 2020 Tokyo Olympic Games and a scheduled sales tax hike in October are expected to hurt output volumes the coming months.
The country’s exports tumbled in August for a ninth straight month on sluggish demand from its biggest buyer, China, and depressed prices of computer chips globally.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
August was a wild month for Wall Street, here's what happenedStocks were so volatile in August they gave Wall Street a collective case of whiplash.
Lire la suite »
Markets Show Resilience in Topsy-Turvy AugustStocks capped off a volatile August down only slightly for the month and near recent records, the latest example of the bull market’s stability despite global threats.
Lire la suite »
September is the worst month for stocks — and it’s even gloomier after a downbeat AugustAugust is typically a weak month for stock market performance, and September is the only month that, on average, is worse for equity-market prices
Lire la suite »
Latest massacre leaves total of at least 35 people killed in mass shootings in AugustThe shooting spree in Odessa, Texas, leaves a total of at least 35 people killed in mass shootings in August.
Lire la suite »
South Korea August exports tumble for ninth month as world economy coolsSouth Korea's exports tumbled in August for a ninth consecutive month, on s...
Lire la suite »