News Formal

Asian companies' profits drop for first time in 7 quarters

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

Earnings by Asian companies in March declined for the first time in seven quarters, dented by slowing demand due to lockdowns in China and diminishing margins as input costs rise. According to a Reuters analysis of Asia's top 1,500 large- and mid-cap companies by market-capitalization and those that are c

Earnings by Asian companies in March declined for the first time in seven quarters, dented by slowing demand due to lockdowns in China and diminishing margins as input costs rise.

China's business activity and consumption slowed in the first quarter due to a resurgence of COVID-19 cases, which also affected regional companies exporting to the Asian country. Some analysts expect rising interest rates should further affect corporate profits and margins in coming months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks slump amid risks from US CPI, China COVID struggleTOKYO : Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a COVID-19 warning from Beijing added to concerns about global growth.Chinese blue chips dropped 0.84 per cent, and Hong Kong's H
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »