Markets dive as China manufacturing weakens in bleak start to 2019

Australian dollar at risk of crashing below crucial 70 US cent mark as growth slows in Singapore

China’s huge manufacturing sector has shrunk for the first time in 19 months, sending stock markets into a tailspin in an ominous start to 2019.

The weak data released on Wednesday follows a slew of other disappointing figures from the world’s second largest economy and underline concerns that is heading for a tough 12 months.

Continue reading...

from World news | The Guardian http://bit.ly/2BS2RE9