China HSBC Flash PMI for June falls to 48.1 from the 48.4 final read for May. It's the 8th consecutive month of contraction for the manufacturing sector. New export orders fell to 45.9, the lowest level since March 2009, and both input and output prices fell to their lowest levels in 2 years. Shanghai -1.4%, Hong Kong -0.9%, Sydney -0.9%. The aussie -0.3%
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