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Asia shares left listless as Chinese sales data misses expectations

Taiwan's government on Monday had to reassure investors it would stabilise stock and foreign exchange markets if needed amid a spike in Covid-19 cases

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Asia shares | China | nikkei

Reuters  |  SYDNEY 

By Wayne Cole SYDNEY (Reuters) - Asian share markets turned mixed on Monday as data on Chinese retail sales missed expectations though industrial output stayed solid, while more evidence of global inflation pressures helped gold to a three-month peak. Chinese retail sales rose 17.7% in April on a year ago, short of forecasts for a jump of 24.8%, while industrial output matched expectations with a rise of 9.8%. The spread of the coronavirus was also a hindrance with Singapore to shut most schools from Wednesday after reporting the highest number of local infections in ...

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First Published: Mon, May 17 2021. 09:08 IST
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