ASIA: China's factory and service sectors snapped three months of activity decline in June, business surveys showed on Thursday, as authorities lifted a strict COVID lockdown in Shanghai, reviving output and consumer spending. The official manufacturing purchasing managers' index (PMI) rose to 50.2 in June from 49.6 in May, the National Bureau of Statistics (NBS)
ASIA: U.S. authorities are ready to implement a ban on imports from China's Xinjiang region when a law requiring it becomes enforceable later in June, a U.S. Customs official said on Wednesday, adding that a "very high" level of evidence would be required for an exemption. U.S. President Joe Biden in December signed into law
ASIA:China supports crisis-hit Sri Lanka's decision to work with the International Monetary Fund (IMF) to restructure its debt, Beijing's ambassador Qi Zhenhong told Sri Lankan Finance Minister Ali Sabry at a meeting on Monday. Sri Lanka last month unilaterally suspended external debt repayments before approaching the IMF for help. China is one of Sri Lanka's
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 205.82 points or -0.73% to 27,821.43 Shanghai decreased 14.39 points or -0.44% to 3,252.20 Hang Seng decreased 235.18 points or -1.06% to 21.996.85 ASX 200 decreased 14.90 points or -0.20% to 7,499.60 Kospi increased 10.91 points or 0.40% to 2,757.65