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Asia-Pacific markets

China stocks rose Monday as investors assessed the country’s business activity, while Japan stocks closed lower as business optimism fell. China’s National Bureau of Statistics data showed that manufacturing activity expanded in March, with the purchasing managers index registering a reading of 50.8, compared to February’s reading of 49.1. Economists polled by Reuters expected a reading of 49.9, which still represented a contraction in the sector. ab cd   The Caixin Global manufacturing survey for March showed China’s factory activity expanded at its fastest rate in 13 months. The private PMI reading came in at 51.1, above expectations for 51. China’s CSI 300 index gained about 1.64% after the reading, closing at 3,595.65. Separately, Japan’s first-quarter Tankan survey showed that business optimism among large manufacturers fell, with the gauge at +11 compared with +12 in the last survey. However, optimism among non-manufacturers rose, with the Tankan gauge at +34 compared with +...
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The Francis Scott Key Bridge collapse

 Maryland governor warns bridge collapse will have 'massive impact' on US economy across multiple industriesMaryland Gov. Wes Moore says operation 'remarkably complex' as timeline to remove debris, rebuild bridge remains Maryland Gov. Wes Moore said Sunday his state won’t be the only one to feel the economic impact of the collapse of the Francis Scott Key Bridge in the Port of Baltimore, warning ripples will be felt in numerous industries across the country. ab cd Moore appeared on "Fox News Sunday" and discussed the important role one of the nation’s busiest ports plays in the national economy as officials continue to remove the steel debris from the fallen bridge and the Eiffel Tower-sized vessel blocks shipping lanes.  "It's not just a massive impact on Maryland," the Democrat said. "This is a massive impact on the national economy." Moore said the Port of Baltimore has a far-reaching impact on states across the country because it h...
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