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Asia's factory activity feels fading glimmer of AI boom
TOKYO: Factory activity across Asia continued to expand in October but growth slowed in major chip exporters, private surveys showed on Monday, suggesting the AI boom may be losing momentum as markets start to question the sector’s profitability. The data points to growing strains on export-led economies as prolonged conflict in the Middle East keeps fuel and food prices elevated, hitting consumption and business confidence even as demand for chips and AI-related goods remains resilient. Manufacturing activity slowed in China, Japan, South Korea and Taiwan, the surveys showed on Monday, indica...
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