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Asia factories see momentum weaken on rising costs, new Covid curbs

Asia's factory activity saw momentum weaken in June as some countries struggled with rising input costs and the reintroduction of curbs to combat a new wave of coronavirus infections, surveys showed on Thursday.

Vietnam and Malaysia were particularly hard hit. Manufacturing activity shrank in those countries in June due to stricter coronavirus restrictions, clouding the outlook for a region lagging western economies in recovering from the pandemic.

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