Asian shares mostly lower as China's factory output slows, US futures drop, oil prices fall.

From Yahoo: 2024-06-17 03:41:26

Shares in Asia were mixed on Monday as China reported a slowdown in factory output and a struggling property market. U.S. futures dropped, while oil prices fell. China’s factory output fell 5.6% in May, retail sales rose 4.1%, and property investments dropped 10%. Elsewhere, Europe’s stocks sank after elections raised uncertainty. France’s far-right parties caused concern, while U.S. stocks set records on hopes of slowing inflation. High mortgage rates hampered the housing market. Oil prices fell, and the dollar rose against the yen.



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