Monday, 01 Feb 2021 03:10 PM MYT
Japan saw factory activity slip back into contraction as a new state of emergency, rolled out in January, hit operating conditions, PMI data showed on Monday. Reuters pic
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TOKYO, Feb 1 Manufacturing in China and Japan suffered in January amid a resurgence in coronavirus infections, while South Korea and Taiwan saw improvements, underscoring the fragile and uneven nature of the region’s economic recovery.
Factory activity quickened in major chip exporters South Korea and Taiwan, as they benefited from continued brisk demand for semiconductors crucial to work-from-home IT goods.