Factories in Asia cut more jobs and throttled back output in September as domestic and export demand shrivelled, adding to fears that cooling growth in China and emerging markets will jeopardize an increasingly fragile global recovery. At the heart of Thursday’s flurry of releases were official and private surveys on China’s factory and services sectors that largely pointed to a further deterioration in the world’s second-largest economy despite a flurry of stimulus measures. Another month of contraction in China’s vast manufacturing sector came as no surprise, but worryingly one private survey showed that growth in the services sector nearly stalled in September and was no longer strong enough to fully offset the broader economic downdraft from weak factories. While the China surveys suggested a further loss of steam, they did not contain any signs […]