Asia Stocks Decline Amid Mixed China Economic Data: Markets Wrap
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Earnings season ramps up this week, Fed’s Powell to speak
- Chinese shares decline; oil slides below $71 a barrel
Asian stocks fell as mixed economic data in China failed to allay concern about the world’s second largest economy’s ability to the withstand the impact of the trade dispute. Crude slid and the yen traded near the weakest level since January.
Equities from Sydney to Shanghai dropped, while those in Hong Kong recouped losses during the morning. Volumes were down in most markets with Japan shut for a public holiday. The yen held its recent losses after posting its biggest weekly slide in 10 months. Oil fell below $71 a barrel amid speculation the Trump administration is considering tapping into emergency crude supplies. U.S. equity futures ticker higher after Friday’s gains pushed the S&P 500 back above 2,800, with a pause in trade tensions outweighing a mixed start to the earnings season…
Asia Stocks Decline Amid Mixed China Economic Data: Markets Wrap
