Tag: China’s factories

Asian relief as China’s factories top low expectations

(Reuters) – Asian shares recouped early losses on Tuesday while commodities won a break from recent selling pressure after a reading on China’s massive factory sector outpaced the market’s bleak expectations. The HSBC flash reading on manufacturing (PMI) for September rose to 50.5, from 50.2 in August and confounding forecasts for a dip to 50.0. ECONCN The market had been braced for something even worse and the relief helped Chinese stocks move into the black […]