Stock market today: Asian shares are mixed on signs of slowing growth in the US and China
Asian shares have begun the week with mixed trading BANGKOK -- Asian shares got the week off to a slow start, with mixed trading Monday as China reported wholesale prices fell in June, amid other signs the economy is slowing. Benchmarks rose in Hong Kong, Shanghai and Mumbai but fell in Tokyo and Sydney. U.S. futures and oil prices declined. The decline in producer prices by 5.4% in June from a 4.6% drop in May suggests a further weakening of demand in many industries as activity in the world's second largest economy slows and growth in the U.S. and Europe also tapers off under a barrage of interest rate hikes meant to snuff out i NFL ation. China's economy has slowed faster than hoped after an initial surge in growth as the country bounced back from disruptions caused by the COVID-19 pandemic. Markets in China tend to react positively to signs of weakness in anticipation of possible stimulus measures that might make more money available for investing in shares. Hong Kong...