Chinese RatingDog Services PMI (Mar) 52.1 vs. Exp. 53.7 (Prev. 56.7)
The decline in the Chinese Services PMI to 52.1 from a prior 56.7 is more than just a miss against expectations of 53.7; it suggests a potential slowdown in the sector's expansion, which could impact overall economic growth forecasts.
[CALENDAR ADDITION] US President Trump will participate in 'signing time' on Friday at 15:30EDT/20:30BST
South Korea government is to exempt tariffs on increased shipping costs of Hormuz reroutes, according to Yonhap
Chinese RatingDog Services PMI (Mar) 52.1 vs. Exp. 53.7 (Prev. 56.7)
SK Hynix (000660 KS) chooses Citigroup, JPMorgan Chase and Goldman Sachs for the sale of ADR in planned listing
PBoC injects CNY 1bln via 7-day reverse repos with the rate at 1.40%
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This weaker data may shift expectations for future monetary policy and could place downward pressure on the yuan and related Asia-Pacific currencies, as traders reassess growth prospects in the region.
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