Taiwan, South Korea Factories Are Bustling the Most in Two Years

Taiwan and South Korea’s manufacturing activity yielded the best results in two years in June, leading gains across the region a day after China’s disappointing data, according to the purchasing managers’ indexes published by S&P Global.

Taiwan’s PMI surged to 53.2 last month, its highest reading since March 2022 and well above the critical 50 threshold that separates expansion and contraction. Factories reported a broad improvement in demand, with domestic and international sales increasing in the semiconductor powerhouse, according to S&P report on Monday.