🌍 Economy
💹 Asia’s factory activity shrank in August as US tariffs hit demand; China stood out with expansion, signaling resilience.
📊 Global supply chains remain under pressure, raising risks for trade-driven economies in Asia.
🏦 Policy & Regulation
📢 Indian govt to roll out short, medium, and long-term measures to cushion industries from US tariff impact.
💰 Focus will be on labor-intensive exports like leather, marine, and engineering goods.
🤝 External Affairs
📈 PM Modi and President Xi discussed steps to push for closer India-China ties despite ongoing global trade tensions.
📉 Markets
📊 Asia stocks slipped on tech sector pullback, with investors turning cautious ahead of key US payrolls data.
💹 Volatility expected as markets weigh Fed’s independence and interest rate path.
✅ Bottom Line:
Tariffs and global trade stress are reshaping economic outlooks, while India looks to safeguard industries and balance external relations.