Taiwan Halts Two-Year Factory Slump in Sign of Broader Rebound

(Bloomberg) — Taiwan’s factory activity expanded for the first time in two years, leading a broad rebound in Asia.

The semiconductor powerhouse posted a manufacturing purchasing managers’ index of 50.2 last month, up from 49.3 in March and posting its best result since April 2022, according to data published Thursday by S&P Global. A reading above 50 indicates expansion, while anything below shows contraction.