Stock market today: Asian shares mostly lower as China reports factory output slowed [Financial Post (Toronto, Ontario, Canada)]
CME Group Inc. - Class A (CME)
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Source: Financial Post
BANGKOK (AP) — Shares were mixed in Asia on Monday after China reported its factory output slowed in May, with the property market still deep in the doldrums. U.S. futures edged lower and oil prices fell. Shares fell 1.9% in Tokyo to 38,070.40 and in Seoul, the Kospi declined 0.5% to 2,744.63. Australia's S&P/ASX 200 gave up 0.2% to 7,712.90. Hong Kong's Hang Seng rose 0.1% to 17,960.09, while the Shanghai Composite index shed 0.6% to 3,015.95. Factory output fell 5.6% in China in May, the government reported, below analysts' forecasts and slowing from 6.7% the month before. Retail sales rose just 4.1% in the first five months of the year. Article content Overshadowing those lackluster numbers, property investments fell 10% in May from a year earlier, while home prices in major cities fell 3.2%. Property sales plunged 30.5% year-on-year, in further evidence that a raft of measures to try to turn around a slump in the property sector have yet to take hold. Most markets
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