Copper & Yuan Tumble As China Manufacturing PMI Drops To Lowest In 8 Months, Output Plunges

Sunday, March 23, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/23/2014

HSBC’s Flash China Manufacturing PMI printed at 48.1 (against a hope-strewn 48.7 bounce expectation). This is the lowest in 8 months and among the lowest prints since Lehman. Even the usually silver-lining-seeing HSBC Chief economist had little positive to add, “weakness is broad-based with domestic demand softening further.” Early strength in CNY, stocks, and copper is eroding fast.

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