Asian Shares Sink as China Says First Quarter Growth at 4.8 Percent
A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), (L), and the foreign exchange rate between U.S. dollar and South Korean won, at the foreign exchange room of the KEB Hana Bank headquarters in Seoul, South Korea, on April 18, 2022. Ahn Young-joon/AP Photo
BANGKOK—Shares were mostly lower in Asia and U.S. futures fell after China reported Monday that its economy expanded at a 4.8 percent annual pace in January-March.
Benchmarks fell in Tokyo, Seoul, Taipei, and Shanghai. Seoul edged higher. Markets in Europe and in Hong Kong and Sydney were closed for holidays.
