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Slowing Asian factories douse hopes for growth

Tepid PMI in China, India, Japan, Korea also depresses commodity prices

Sputtering: Beijing can no longer rely on exports and manufacturing as an engine for growth. Its official Purchasing Managers' Index of activity stayed stuck at 51.1 in September, only modestly above the 50 level that separates growth from contraction.

[SYDNEY] Factory activity stumbled across much of Asia in September, with slowdowns in India, Japan and Taiwan and an outright decline in South Korea delivering a setback to hopes for a pickup in world growth this year.

The lacklustre performance helped lift the US dollar above 110.00 yen