Asian markets mixed on weaker China economic data, U.S. recession worries

TOKYO — Asian shares were trading mixed Monday, as investors eyed disappointing economic data from China as well as surging energy costs and prospects for interest-rate hikes in the U.S.

Japan’s benchmark Nikkei 225
NIK,
+0.45%
gained 0.4% in morning trading. SoftBank Group
9984,
+1.39%
stock rose despite reporting hefty losses on its investments last week. Fast Retailing
9983,
+1.79%,
owner of retail chain Uniqlo, also rose after falling in previous weeks on worries about the lockdown in China.

In other regional trading, Australia’s S&P/ASX 200
XJO,
+0.25%
edged up 0.2% while South Korea’s Kospi
180721,
-0.29%
fell 0.2%. Hong Kong’s Hang Seng
HSI,
+0.26%
lost 0.4% and the Shanghai Composite
SHCOMP,
-0.34%
shed 0.5%. Stocks advanced in…

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