From Business Standard: 2024-06-17 07:54:00

Asian stocks ended lower on Monday with Chinese stocks falling due to disappointing economic data. The Shanghai Composite index dropped 0.55%, and Hong Kong’s Hang Seng index finished marginally lower. China’s May retail sales beat forecasts, but industrial output, home sales, and fixed-asset investment fell short, indicating a need for further stimulus measures. Industrial production rose only 5.6% in May, well below expectations. Retail sales increased by 3.7%, and fixed asset investment was up by 4.0%. China’s state media reported constraints on lowering rates due to internal and external factors.



Read more at Business Standard: Chinese Stocks Fell After Mixed Economic Data | Capital Market News