The Traderszone Network

Published in TZ Latest News 1 September, 2015 by The TZ Newswire Staff

China manufacturing contracts, Korea exports slump as Asia’s woes deepen

BEIJING/SEOUL (Reuters) – China’s giant manufacturing sector contracted and exports from South Korea tumbled by the most in six years in August, rattling Asian markets on Tuesday and reinforcing expectations that policymakers will need to ease policy further. Manufacturers across Asia struggled last month, a series of surveys showed, denting hopes of a pick-up in the second half of the year as the region tries to fire its traditional growth engine of exports.

read more