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Showing posts with the label Asian markets news at the time; by MarketWatch

Asian markets news at the time; by MarketWatch, June 02, 2013.

Asia Taiwan manufacturing swings to contraction LOS ANGELES (MarketWatch) -- Taiwan's manufacting activity swung to a solid contraction in May, according to data out Monday from HSBC and Markit. The HSBC Taiwan manufacturing Purchasing Managers' Index dropped to 47.1 from April's 50.7, falling below the 50 mark which divides expansion from contraction. The drop was the first since November, with the sub-index for new orders showing the first decrease in five months and new export orders falling for the first time in six months. HSBC economist Donna Kwok said: "Taiwan manufacturers' descent into contraction mirrors what took place last summer, although client demand is deteriorating at a faster pace this time, both at home and abroad." Taiwan's benchmark Taiex stock index was down 0.8% after the data.      Fed's Yellen open to doing more on too-big-to-