Weaker China adds to risks of global slowdown
China's manufacturing sector worsened in October as the trade war hit home, adding the risks the global economy may be edging toward synchronized slowdown. China's official factory gauge missed estimates with a reading of 502 and its exports sub-index slumped to the lowest reading since early 2016. This slowdown spread around several countries. South Korea's industrial output tumbled a larger-than expected 8.4 percent. Japan's factory output also declined last month. For now, the US is in good shape with data on Tuesday showing cosumer confidence hitting a 18-year high after its economy expanded at a 3.5 percent. the problem is as the US slow, no one pass the baton.
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