From Business Recorder: 2024-05-13 20:18:20

China stocks slipped on weak credit growth data and news of new US tariffs. The finance ministry announced plans to issue 1 trillion yuan in stimulus bonds. New bank lending fell in April, hitting a record low, indicating potential need for more economic support. Global stocks neared record highs, with uncertainty ahead of US inflation data. Shanghai Composite down 0.21%. Hong Kong shares rose. MSCI’s Asia ex-Japan stock index up 0.41%. Nikkei index down 0.13%.



Read more at Business Recorder: China stocks slip after weak credit data – Markets