Fears that the Chinese economy is running out of steam eased after surveys showed that factory activity accelerated in August, while manufacturing in India was also strong.
Other Asian economies, including Japan and South Korea, did not perform as strongly, however, amid slackening demand from beyond the region.
Chinese purchasing managers’ surveys published on Wednesday registered improvements from July. China’s official PMI index rose half a point to 51.7, while a closely-watched HSBC poll increased 2.5 points to 51.9.
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