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Asian factory activity rises on AI and demand
Factory activity in Asia expanded in September, driven by strong demand for chips and AI-related goods, especially in South Korea and Taiwan, which recorded their highest growth rates in years. While Japan experienced a slowdown in growth, it continued to receive strong export orders. Other economies such as Indonesia and Vietnam saw expansion, whereas activity contracted in Malaysia and the Philippines. Overall, the region's growth is poised to support the global economy despite rising energy costs and market challenges.
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