Asia's factory activity expands in June

TOKYO — Asia's factory activity expanded in June on solid momentum in the global economy and brightening prospects for semiconductor output, surveys showed on Monday, offering policymakers some hope the region can weather the hit from soft Chinese demand.But cost pressures weighed on manufacturers in countries like Japan, where the weak yen is boosting the price companies pay for fuel and raw material imports.

Factory activity also expanded in June at a faster pace than in May in Vietnam and Taiwan, surveys showed.'Another strong month of data provides further evidence that global industrial activity and trade are picking up,' said Joe Hayes, principal economist at S&P Global Market Intelligence, on South Korea's factory activity.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today (June 3, 2024): World shares start June mostly higher following Wall St rallyWorld shares began June mostly higher after a report showing that inflation in the U.S. is not worsening drove a rally on Wall Street. In early trading Monday, Germany's DAX advanced 1% to 18,728.00 and the CAC 40 in Paris climbed 0.6% to 8,040.94. Britain's FTSE 100 added 0.
Source: BusinessMirror - 🏆 19. / 59 Read more »