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Trade war

October PMI shows Asia's winners and losers of US-China trade war

Taiwan continues to plunge while Vietnam shows no sign of a slowdown

One concern for Asia last month was slowing semiconductor demand, with key producers citing a softer supply-demand balance.   © Reuters

SINGAPORE -- The U.S.-China trade war has started to bite Asian manufacturers, with some markets contracting sharply in the latest Nikkei Purchasing Managers' Index. But the data also showed some markets gaining despite the ongoing dispute between the world's two biggest economies.

The monthly Nikkei PMI survey asks companies in major Asian countries and regions except China about changes in output, orders and other business conditions compared with a month earlier. A PMI reading below 50 indicates contraction, while one above 50 points to expansion. Of the 15 sets of PMIs, six dropped in October from September, while nine rose.

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