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South Korea Manufacturing Sector Falls Into Contraction - Nikkei

The manufacturing sector in South Korea slipped into contraction territory, the latest survey from Nikkei showed on Monday with a manufacturing PMI score of 48.6.

That's down from 51.0 in October, and it moves beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, a sharp drop in new orders weighed heavily on the index, while weak economic conditions dragged exports down.

Business confidence was at its lowest level since August 2016.

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