From Google: 2024-09-16 00:19:44

Asian stocks saw a mixed day of trading after weak data from China, following Wall Street’s best week of 2024. The Hang Seng Index dropped 0.8%, the Shanghai Composite fell 0.6%, while the Nikkei 225 rose by 0.3%.

China’s industrial output grew by 5.3% in March compared to last year, missing the 6.2% forecast. Retail sales also fell short, rising by only 1.4% in March, well below the predicted 5.5% increase. These figures have impacted market sentiment in the region.

In the US, the S&P 500 closed last week 8.3% higher, its best weekly gain since 1974, buoyed by optimism about the economy reopening. Investors are closely monitoring the spread of COVID-19, with over 2.4 million cases worldwide. The outlook remains uncertain as countries navigate reopening their economies.



Read more at Google: Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024 – MSN