SINGAPORE — Asian stocks started the week higher Monday, even as China reported a slowdown in manufacturing activity and countries in the region continued to be hammered by the delta variant.
The gains in China follow data released Saturday by the National Bureau of Statistics showing the country’s official purchasing managers’ index fell to 50.4 in July from 50.9 in June. Numbers above 50 indicate expansion on the 100-point scale. China is also dealing with an outbreak of the delta variant of the coronavirus, which has already been running rampant in many other Asian nations.
Investors are also watching a crackdown by Beijing on Chinese tech companies, even as authorities moved to soothe fears.
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