Asian shares steadied on Monday although weak Chinese PMI raised uncertainty of the growth outlook of the world’s second largest economy. The flash Chinese PMI compiled by HSBC/Markit fell to an 8-month low of 48.1 in March from 48.5 a month ago. The market had anticipated a pickup to 48.7. the flash reading of the manufacturing output index plunged to a 18-month low of 47.3 last month.
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Further Weakness in Chinese PMI Evidenced Slowdown
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