Factory growth slows in Taiwan, Japan and South Korea even as AI demand props up Asian output
MarketWatch says S&P Global surveys for October showed Taiwan's PMI sliding to 54.9 from 56.7 and Japan's at a seven-month low, as freight delays and Middle East energy costs weighed while demand for AI components stayed strong.
How the story developed
- 2 Nov, 07:00 UTC Confirmed Asian factory growth slows in the big chip exporters, hinting the AI boom is losing pace
- 2 Nov, 08:00 UTC Confirmed Factory growth slows in Taiwan, Japan and South Korea even as AI demand props up Asian output