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Stock impact report

China industrial profits drop 5.5% in October, worst performance in five months [MSNBC.com]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: MSNBC.com
QINGDAO, CHINA - FEBRUARY 05 2025: Workers assemble cars at a car plant of SC-GM-Wuling in Qingdao city in east China's Shandong province Wednesday, Feb. 05, 2025.ZHANG JINGANG | Future Publishing | Getty ImagesProfits at industrial firms in China declined in October, theNational Bureau of Statistics said on ThursdayIndustrial profits dropped 5.5% from a year earlier in October, the biggest decline since June, and reversed the momentum seen in September, when the figure surged 21.6%, the most significant jump since November 2023.For the first ten months of the year, profits at major industrial firms grew 1.9% from a year ago, the official data showed, decelerating from a3.2% riseTrade tensions between China and the U.S. had escalated that month over export controls, with U.S. President Donald Trump threatening additional 100% tariffs on imports from China, before the two economic superpowersreached a dealChina's manufacturing activitycontracted more than expectedWhile manufacturers fo Show less Read more
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