Asia shares left listless as Chinese sales data misses expectations

Topics Asia shares | China | nikkei


By Wayne Cole SYDNEY (Reuters) - Asian share markets turned mixed on Monday as data on Chinese retail sales missed expectations though industrial output stayed solid, while more evidence of global inflation pressures helped gold to a three-month peak. Chinese retail sales rose 17.7% in April on a year ago, short of forecasts for a jump of 24.

8%, while industrial output matched expectations with a rise of 9.8%. The spread of the coronavirus was also a hindrance with Singapore to shut most schools from Wednesday after reporting.

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