Asia's factory activity worsens as US trade uncertainty bites, India outshines with 16-month high record

Asian factory activity faced challenges in July. Weak global demand and US tariffs impacted business. Japan and South Korea made trade deals with Washington. China's factory activity declined. Japan's PMI fell, signaling tariff impact. South Korea saw contraction for the sixth month. India's manufacturing expanded, but confidence dropped. Philippines and Vietnam expanded, while others shrank.