(Bloomberg) — Asia’s manufacturing took a tumble in February under the weight of the rapidly spreading coronavirus, with a severe contraction in activity in China driving down output across the region.China’s factory index from IHS Markit dropped to the lowest since the series began in 2004, according to figures released Monday. Reports in South Korea and Japan showed deeper slumps last month, while Taiwan also recorded weaker activity.The numbers show how the outbreak is rippling through the region, disrupting supply chains and depressing demand. Travel restrictions are widespread, schools and businesses are shuttered in some countries and governments are scrambling …read more
Source:: Yahoo Finance
