Asian stocks slip with eye on economic releases

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Asian stocks mostly fell Friday ahead of more regional economic releases that could hint at how the delta variant is affecting growth.

Tokyo's Nikkei 225 lost 0.1% to close at 27,977.15. South Korea's Kospi dropped 1.2% to 3,168.82 and the Hang Seng in Hong Kong fell 0.8% to 26,315.47.

China will also release its industrial output and retail sales figures for July. This comes after the country's services sector was shown to have rebounded ahead of a fresh COVID-19 wave."Industrial production will be watched after the July trade data release, which was regarded to be resilient but missed the consensus," Lewis Cooper of IHS Markit said.

At the same time, inflation at the wholesale level jumped a higher-than-expected 1% in July, matching the rise from the previous month,

 

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