Shares were lower in Asia after China reported Monday that its economy expanded at a 4.8% annual pace in January-March.
Tokyo’s Nikkei 225 index JP:NIK lost 1.8%, while the Shanghai Composite index CN:SHCOMP fell 0.8%. The Kospi KR:180721 in Seoul was little changed. Stocks rose in Indonesia ID:JAKIDX, but fell in Singapore SG:STI and Taiwan TW:Y9999. Markets in Hong Kong and Sydney were closed for holidays.Tokyo’s Nikkei 225 index NIK lost 1.8%, while the Shanghai Composite index SHCOMP fell 0.8%. The Kospi 180721 in Seoul was little changed.
As trading resumes Monday in many world markets, attention is focused on Ukraine, where Ukrainian fighters were holding out against a capture of their shattered city of Mariupol after a 7-week siege, ignoring a surrender-or-die ultimatum from Russia. A World Bank official said Friday that Ukraine’s prime minister, finance minister and central bank governor are coming. The official spoke on condition of anonymity because the visit had not been officially announced.
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