Asian Stocks Down Over Mixed Chinese Inflation Data, Economic Recovery Concerns


Source: upnewsinfo.com upnewsinfo.com

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© Reuters By Gina Lee Investing.com – Asia Pacific stocks were mostly down on Thursday morning, with investors digesting mixed inflation data from China. They also continue to monitor a slowing global economic recovery from COVID-19. China’s inched down 0.05% by 10:04 PM ET (2:04 AM GMT) while the inched up 0.06%. said that the consumer price index grew 0.1% and 0.8% in August. The grew 9.5% year-on-year. Chinese stocks in the U.S. also fell over renewed concerns about China’s regulatory tightening on various sectors. In the latest development, Chinese authorities summoned gaming companies including Tencent Holdings (OTC:) Ltd. and...