Plastic pollution: A serious threat to environment
— April 30, 2022Md. Arafat Raahman:Plastic pollution is the extraction of plastics by the environment which in turn has adverse effects on wildlife,…
RN Desk: Asian markets dipped on Monday following losses on Wall Street and after a survey indicated manufacturing activity in China was contracting at a faster rate than initial results suggested. Traders are also keeping a nervous eye on the crisis in Ukraine.
Hong Kong fell 0.77 per cent and Shanghai eased 0.55 per cent while Sydney lost 0.21 per cent. Tokyo, Seoul and Bangkok were closed for public holidays. Banking giant HSBC said on Monday its purchasing managers index (PMI) for China last month came in at 48.1, a tad up from the 48.0 in March but weaker than the 48.3 reported in its preliminary report on April 23.
A figure below 50 indicates contraction while anything above points to growth. The news adds to fears for the world’s number two economy and key driver of global growth following a slew of weak data recently, including on trade and investment.
Regional traders were given a negative lead from New York, where events in Eastern Europe overshadowed a better-than-expected jobs report, according to this correspondent.