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Asian Markets Mostly Lower As Investors Digest China Data
Asian stock markets are mostly lower on Monday despite the positive cues from Wall Street Friday. Investors turned cautious as they digested key economic data from China, including data that showed the country's second-quarter economic growth slowed to its weakest pace in at least 27 years. The Japanese market is closed for a holiday. China's National Bureau of Statistics said the country's gross domestic product or GDP grew 6.2 percent in the second quarter on an annualized yearly basis, matching forecasts and down from 6.4 percent in the three months prior. The Australian market is declining. Banks and mining ... (full story)