SINGAPORE: Southeast Asian stock markets rose on Tuesday as data showed China factory activity unexpectedly expanded in March after contracting to a record low in the previous month even though the coronavirus pandemic showed few signs of abating.
China's official Purchasing Managers' Index rose to 52 in March from a collapse to a record low of 35.7 in February, but analysts cautioned the index might overstate the true improvement as firms could be reporting expansion after a forced stoppage.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!