News Snapshot:
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 Shanghai Composite inched down 0.05% by 10:04 PM ET (2:04 AM GMT) while the Shenzhen Component inched up 0.06%. Data released earlier in the day said that the consumer price index grew 0.1% month-on-month and 0.8% year-on-year in August. The producer price index 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...
