TOKYO: Asia’s factory activity expanded in January as solid global demand lifted export orders, private-sector surveys showed on Monday, offering policymakers some assurance the hit from higher US tariffs has run its course for now.
Japan and South Korea saw manufacturing activity grow at a multi-year pace as big markets like the US sustained momentum, the surveys showed, brightening prospects for Asia’s export powerhouses.
China’s factory activity expanded at a faster pace in January as export orders rebounded, one of the surveys showed, which contrasted with an earlier official report showing activity faltering.
