- May 16, 2022
- Posted by: Stratford Team
- Category: Economy
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
gained 0.4% in morning trading. SoftBank Group
stock rose despite reporting hefty losses on its investments last week. Fast Retailing
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
edged up 0.2% while South Korea’s Kospi
fell 0.2%. Hong Kong’s Hang Seng
lost 0.4% and the Shanghai Composite
shed 0.5%. Stocks advanced in…