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Trade war

US-China trade war continues to weigh on Asian manufacturers

November PMI shows grim export picture, but cheaper crude helps ease pain

SINGAPORE -- Manufacturers in Asia received fewer export orders in November, as U.S.-China trade tensions continued to sap industrial demand in the region, according to the latest Nikkei Purchasing Managers' Index survey.

The monthly Nikkei PMI survey asks companies in large Asian economies outside mainland China about changes in output, orders and other business conditions, versus the previous month. A PMI reading below 50 indicates contraction, while one above 50 points to expansion.

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