Asian shares trimmed early losses on Monday as data confirmed China’s economy had bounced back last quarter as factory output jumped, helping partially offset recent disappointing news on US consumer spending.
The Hang Seng gained 1.01% ,Shanghai Composite rose 0.84% and the Jakarta composites surged 0.26%. The Kospi lost 2.33%, SGX Nifty plunged 1.27%, Nikkei 225 fell 0.97%, set composites lost 0.59%.
European stocks traded slightly lower on Monday after ending 16.2 billion euro ($19.57 billion) merger talks with Alimentation Couche-Tard, with worries about a slow economic recovery keeping investors on edge.
The CAC lost 0.40%, FTSE fell 0.14% and the DAX plunged 0.01%.