Latest Situation in Asian Stocks

Latest Situation in Asian Stocks

Manufacturing PMI, announced by the China Bureau of Statistics, rose to 52 in March. Thus, this data recovered from the record bottom level of 35.7 in February, which was above 50, indicating improved conditions in the manufacturing sector. When we look at the industrial production of Japan, it showed the industry's resilience before the coronavirus epidemic caused the supply chains in February and the factories stopped production and dragged the economies into recession. Industrial production in Japan rose 0.4 percent from its level in January and slowed down in the second consecutive month, according to the Ministry of Commerce data. Stocks in Asia declined in Japan and Australia, while in South Korea and Hong Kong.