China, South Korea Manufacturing Expand; Asia Growth Projected to Slow

China's factory activity expanded in March at fastest pace in 13 months, Caixin/S&P Global PMI rose to 51.1 from 50.9
South Korea's exports rose 3.1% in March year-on-year, marking 6th straight month of increase thanks to robust chip demand
Japan's manufacturing activity weak in March, PMI stood at 48.2 recovering from 47.2 in February which marked fastest contraction in over 3 years
Taiwan, Malaysia, Vietnam PMIs fell in March indicating manufacturing activity weakness
IMF projects Asia's economy to expand 4.5% in 2023, slower recoveries expected in Japan and faster ones in India and China