China's Caixin manufacturing PMI soared to 51.2, a full point above the expected 50.2, and followed the semi-official China Federation of Logistics & Purchasing (CFLP) manufacturing PMI for October also at 51.2, data released on Tuesday showed, beating an expected 50.4, as the CFLP non-manufacturing PMI rose to 54.0 from 53.7 in the previous month.

First quarter earnings at Kennametal (KMT) won a thumbs up from equity brokerage Jefferies as room to cut head count and costs further presents further upside for cash flows.

Swedish mining gear and tool maker Sandvik was lauded for solid operational execution in Q3, but French bank and financial services firm Société Générale kept a sales recommendation as the outlook for Machining Solutions appears flat as global industrial production remains tepid.

UK-based precision engineering firm Renishaw has opened a new "significantly" larger facility for its Taiwan subsidiary in the Taichung City Precision Machinery Innovation Technology Park.

Basic materials demand in China's industrial sector showed end-demand is "fairly stable," Credit Suisse analysts said in an Oct. 24 report, even suggesting "a slight improvement above normal seasonality.

Japan's adjusted trade balance surplus for September reached ¥350 billion, wider than the surplus of ¥200 billion seen, even as exports fell 6.9%, less than the 10.4% year-on-year fall expected but still the 12th straight drop, and imports dropped 16.3%, also less than the 16.6% fall seen and the 21st straight decline.

Third quarter results by U.S.-based MSC industrial have prompted investment research and management company Morningstar to downgrade its outlook for the firm that dominates the $10 billion metalworking distribution segments of maintenance, repair, and operations.

China's economy powered ahead in the third quarter, according to official data released on Wednesday, matching expectations along with solid figures for retail sales, industrial output and fixed asset investment.

Swiss-based Zurich Insurance is offering supply-chain disruption policies aimed at assessing risk and providing cover in the transport and commercial hubs of Singapore and Hong Kong in what the global firm said was a first-of-its-kind service in Asia Pacific.

Leading sheet metal systems processing firm Bystronic has joined hands with Lantek to bring software solutions to bear on optimized production of sheet metal, tube and profile parts.