HONG KONG: Asian markets struggled on Monday to build on last week's rally, with new data showing China's economy grew less than expected in the second quarter as its post-Covid recovery runs out of steam. The advance was also bolstered by pledges from Beijing to introduce stimulus measures for the struggling economy. Asian shares were mostly lower on Monday after China reported weaker growth than forecast in the last quarter. Asian shares were mostly lower on Monday after China reported weaker growth than forecast in the last quarter. "Asia investors have been greeted by a dismal Chinese data dump to start the week," said SPI Asset Management's Stephen Innes.

Source: Manila Times July 18, 2023 08:58 UTC