Asian shares rise after promising Chinese data
The monthly activity statistics suggest stimulus measures have been able to prop up domestic activity and offset some of the damage from a trade war with the US, analysts say
15 July 2019 - 07:35
Sydney — Asian shares advanced on Monday as investors breathed a sigh of relief after encouraging Chinese data suggested the world’s second-biggest economy may be starting to stabilise thanks to ramped-up stimulus from Beijing.
Second quarter economic growth slowed to 6.2% from a year earlier, the weakest pace in at least 27 years while separate data showed the country’s industrial output and retail sales handily topped forecasts...
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