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ASIA: China's industrial output and retail sales growth in April fell short of expectations, indicating a loss of momentum in the economy at the beginning of the second quarter. This has increased pressure on policymakers to support the post-COVID recovery. The data also revealed a further decline in property investment, raising concerns about the outlook

ASIA: China's consumer inflation fell to an 18-month low, rising by 0.7% year-on-year in March, slower than the 1.0% gain in February, indicating weak demand. The producer price index fell 2.5% year-on-year, the fastest decline since June 2020, falling for the sixth consecutive month. Food price inflation, a key driver of CPI, slowed to

ASIA: The major Asian stock markets had a negative day today: NIKKEI 225 decreased 610.92 points or -2.19% to 27,222.04 Shanghai decreased 23.38 points or -0.72% to 3,245.31 Hang Seng decreased 448.01 points or -2.27% to 19,247.96 ASX 200 decreased 99.90 points or -1.41% to 7,008.90 Kospi decreased 61.63 points or -2.56% to 2,348.97 SENSEX

ASIA: The Agricultural Bank of China, one of the country's largest commercial lenders, has pledged stronger financial support for spring farming. The bank said it will strive to issue more than 160 billion yuan ($23.48 billion) in loans for spring farming preparations this year and will improve the efficiency of financial services. The financial