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© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Asia stocks mixed after Wall Street down, China manufacturing up
By JOE McDONALD BEIJING©2024 GPlusMedia Inc.
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Alan Bogglesworth
Go CHINA!!!!!
kaimycahl
@Alan Bogglesworth Which way?
Go CHINA!!!!!
Skeptical
True, this was the first expansion in factory activity since February and the steepest pace in six months.
But the contrast is more news.
Flash data shows industrial production in Japan declined by -7.2% MoM in May, compared with consensus of a 0.3% fall and after a final 1.5% drop a month earlier; a second straight month of decrease in industrial output and the steepest pace since May 2020. Preliminary YoY figures showed -2.80% in Mayover the same month in the previous year.
The other big news from Japan was Japan's housing starts. Starts declined by -4.3% YoY in May 2022, much lower than forecasts for growth, and after a 2.2% gain the prior month. This was the first drop in dwelling starts since February 2021.
The Japanese yen hit 137 yesterday, for the first time since September 1998, before recouping some losses, back to 136.01.
Have a good day.
Alan Bogglesworth
@Alan Bogglesworth Which way?
Go CHINA!!!!
May the phoenix rise from the self inflicted ashes !, upward I guess ?
Kyo wa heiwa dayo ne
Try to blame it all on Chinese anti-virus measures and the Ukraine crisis ?
Nonsense !
Meanwhile everyone is using Russian resources and Chinese products but refuses to admit it.