IMF warns of slowing Asia factory activity amid AI demand correction
Photo: Crypto Briefing
October surveys show cooling growth in Japan, South Korea and Taiwan as the IMF flags the risk of an AI pullback Asia’s factories are still growing. They’re just growing with noticeably less enthusiasm than before. Private surveys released on Monday, November 2, showed manufacturing activity across the region stayed in expansion territory in October. Growth cooled, however, in the economies most tied to the AI chip trade: Japan, South Korea and Taiwan. That pattern suggests the artificial intelligence boom may be losing some momentum as markets begin to question how profitable the sector really is. The timing matters.
Source: Crypto Briefing
