China's Caixin/ S&P Global Services PMI contracts further to 48.4 in October vs. 49.3 previous

China's Caixin/ S&P Global services PMI for October arrived at 48.4 vs. 49.3 prior, showing that the country’s services activity saw a sustained slowdown in the reported month.

October survey data suggested that the ongoing efforts to stop the spread of COVID-19 disrupted business operations and weighed on demand.