News Snapshot:
Global Markets: Asia shares pare losses as China economy rebounds Updated : January 18, 2021 11:04 AM IST Reuters share Asian shares pared early losses on Monday as data confirmed China’s economy had bounced back last quarter as factory output jumped, helping partially offset recent disappointing news on US consumer spending. Chinese blue chips gained 0.8 percent after the economy was reported to have grown 6.5 percent in the fourth quarter, on a year earlier, topping forecasts of 6.1 percent. Industrial production for December also beat estimates, though retail sales missed the mark. ”Despite the latest dip in retail sales,...
