Asia stocks steady despite China data miss, helped by weaker dollar outlook - SABC News

📆 16/05/2023 05:11:00
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Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world’s second-biggest economy to provide policy support.

Inside the Shanghai Stock Exchange building

Japan’s broad Topix gained 0.48% to 2,124.92, its highest since August 1990, helped by the robust outlook of its megabanks. Retail sales also missed expectations, and, coming against a backdrop of China’s weak industrial, credit growth and import indicators, highlighted a wobbly post-COVID recovery.

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