Markets dive as China manufacturing weakens in bleak start to 2019

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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.

Related: Australian house prices falling at fastest rate in a decade, data shows

Related: ‘All necessary means’: Xi Jinping reserves right to use force against Taiwan

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Source: china
Link : Markets dive as China manufacturing weakens in bleak start to 2019

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