Hong Kong S&P Global PMI (Apr) 48.6 (Prev. 49.3)
The Hong Kong S&P Global PMI for April dropped to 48.6 from the previous 49.3, indicating a contraction in manufacturing activity.
Australia's PM Albanese says that they are to lift minimum stockpiles of every type of fuel by around 10 days, the fuel reserve is to be around 1 billion litres and the package is to cost more than AUD 10bln
[MARKET ANALYSIS] Crude falls as Trump pauses Project Freedom, metals benefit from softer dollar
Hong Kong S&P Global PMI (Apr) 48.6 (Prev. 49.3)
PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: Foxconn reports surging Apr revenue, Ardentec expects strong revenue growth in Q2
PBoC is expected to set USD/CNY mid-point at 6.8160 (prev. 6.8628)
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This decline suggests worsening conditions, which could raise concerns about economic growth in the region and potentially influence the central bank's policy stance going forward.
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