China’s services sector weakened in September, following news that manufacturing is also slowing. The developments spurred the Asian Development Bank to lower 2012 regional growth estimates, leading to a slide in Australian coal exports. The domino-effect continued with Asian stocks and commodities declining for a second day, as the Australian dollar fell to its lowest point in a month.
China’s slowdown hits manufacturing, Asian stocks and even Australian coal exports
We may earn a commission from links on this page.