Asian stocks stumble on Chinese data

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Investors are risk averse as China data misses expectations and fears of US fiscal stimulus delay

Investors check stock information in Shanghai, China. Picture: REUTERS/ALY SONG

South Korean stocks fell 1.27% after authorities reported the largest number of new coronavirus cases since March. The S&P 500 ended slightly lower on Thursday after briefly trading above its record closing high level for a second day as doubts about US stimulus measures took hold. Some traders stuck to the sidelines before a meeting between US and Chinese officials about their phase 1 trade deal on Saturday.

 

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