Korea-led slide drags Asia markets as metals slump and China PMI signals expansion

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Source: CNBC
Korea-led slide drags Asia markets as metals slump and China PMI signals expansion
Photo: CNBC
TL;DR Summary

Asia-Pacific stocks fell Monday, led by Korea’s Kospi with futures plunging up to 5%, while Hang Seng and CSI 300 also declined. Gold and silver extended Friday’s declines as investors eyed China’s January PMI, which showed manufacturing expanding at 50.3—the strongest reading in months. Bitcoin slipped back under $80,000 and U.S. stock futures edged lower, signaling a cautious session ahead.

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