Asian stocks decline as China's economy weakens, with Shanghai Composite Index and Nikkei 225 falling

From Google: 2024-09-01 22:06:00

1. Asian stocks are down as China’s economy weakens, with the Shanghai Composite Index dropping 0.3%. Japan’s Nikkei 225 also fell 1.8%, while Aussie shares lost 0.6%.

2. China’s industrial production grew at the slowest pace in 14 years at 3.1%, missing expectations of 3.3%. Retail sales were also below forecast at 5.3%, likely due to the impact of COVID-19 restrictions.

3. The decline in Asian stocks comes as investors worry about the impact of China’s slowing economy on global growth. Markets are closely monitoring the situation for further developments.



Read more at Google: Asian Stocks Decline as China’s Economy Falters: Markets Wrap – Yahoo Finance