Factory activity slows or declines in Japan, South Korea and Taiwan amid supply disruptions and rising costs.
Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict COVID-19 lockdowns, while sharp economic slowdown risks in Europe and the United States reinforced fears of a global recession.
While a string of surveys on Friday showed China’s factory activity rebounding solidly in June, a slowdown in Japan and South Korea,…