Asia tries to find its footing, China disappoints [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Asia tries to find its footing, China disappoints | Reuters 4 Min Read SYDNEY (Reuters) - Asian share markets fought to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed, though sentiment took a fresh knock when Chinese economic data proved softer than expected. Retail sales, industrial output and urban investment all grew by less than forecast in July, a trifecta of disappointment that underlined the need for more policy stimulus in China. The Shanghai blue chip index .CSI300 was off 0.6 percent and weighing on MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS which eased 0.2 percent. Japan's Nikkei .N225 held onto its early 1.1 percent gain, while Australian stocks added 0.8 percent. EMini futures for the S&P; 500 ESc1 were still a fraction firmer, while 10-year Treasury yields held at 2.88 percent US10YT=RR. Investors had been encouraged that falls on Wall Street were only minor overnight. The Dow .DJI ended Monday down 0.
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