US Manufacturing Contraction Leads to Decline in Asian Markets
Tuesday, 4 June 2024, 06:13
Asian Market Reaction
Asian shares retreated after news of U.S. manufacturing contracting in May, hinting at a broader economic slowdown. India's Sensex plummeted by 4.1% as election results indicated potential political changes.
Key Points:
- Impact on Asian Markets: U.S. manufacturing contraction led to market declines in Asia.
- India's Sensex Drop: Sensex fell by 4.1% following the report.
- Election Implications: Election results hinted at potential political shifts in India.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.