Asia stocks rise on expectations of China easing:
BANGKOK — Asian stock markets rose Monday after a contraction in China's manufacturing boosted expectations of more stimulus to boost the world's second-biggest economy.
An industry group said on the weekend that China's purchasing managers' index, which reflects manufacturing activity, fell to 49.2 in August from July's 50.1 on a 100-point scale. Numbers below 50 show a contraction. It was the group's weakest reading to date.
That fueled doubts about whether China has started to recover from its deepest economic downturn since the 2008 global financial crisis. China's economic growth fell to a three-year low of 7.6 percent in the second quarter. Corporate pro...
Keep on reading: Asia stocks rise on expectations of China easing
BANGKOK — Asian stock markets rose Monday after a contraction in China's manufacturing boosted expectations of more stimulus to boost the world's second-biggest economy.
An industry group said on the weekend that China's purchasing managers' index, which reflects manufacturing activity, fell to 49.2 in August from July's 50.1 on a 100-point scale. Numbers below 50 show a contraction. It was the group's weakest reading to date.
That fueled doubts about whether China has started to recover from its deepest economic downturn since the 2008 global financial crisis. China's economic growth fell to a three-year low of 7.6 percent in the second quarter. Corporate pro...
Keep on reading: Asia stocks rise on expectations of China easing
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