Global Market Turmoil: Asia’s Factories Stumble, US Tariffs Bite, Oil Soars – What’s Next?
In-Depth Analysis: Asia’s Manufacturing Slowdown: Business surveys on Nov 3–4 revealed broad weakness. China’s S&P Global (private) PMI dipped to 50.6 in October reuters.com as new export orders fell sharply amid tariff concerns. Official data also showed China’s factory output contracting for the 7th straight month. Japan’s manufacturing PMI was even weaker – 48.2 in October (from 48.5), its lowest since Mar 2024 reuters.com. Pollyanna De Lima of S&P noted, “demand weakness, particularly in the automotive and semiconductor sectors, weighed on Japanese manufacturing” reuters.com, though firms are optimistic that U.S. tariffs’ “detrimental impact… will fade” and future output will recover
