News Snapshot:
Stocks in mainland China fell to a one-week low after the economy grew last quarter at a pace below the national target amid Covid-19 lockdowns, while policy easing signals disappointed investors. The Shanghai Composite Index retreated 0.9 per cent to 3,181.94 in early Monday trading. Financial and raw-material producers led declines with both sub-indexes slumping at least 1.3 per cent. Financial markets in Hong Kong are closed for a public holiday and will resume trading on Tuesday. Other major markets in Asia-Pacific all weakened as rising commodity prices rekindled concerns about inflation, pushing bond yields higher. China’s economy expanded by...
