News Snapshot:
Stocks in mainland China fell to near 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 0.5 per cent to 3,195.52 at the close of Monday trading. It has lost 12 per cent this year, the worst among major Asia-Pacific indices. Markets in Hong Kong are closed for a public holiday. Regional indices also weakened as rising commodity prices rekindled inflation concerns. China Merchants Bank tumbled 7.4 per cent to 43.39 yuan, the most since August 2015, slamming a...
