Asian shares lower after Wall St rebound on US growth data

Asian shares and U.S. futures are lower after stocks pushed broadly higher on Wall Street

BANGKOK -- Asian shares and U.S. futures were mostly lower Friday after stocks pushed broadly higher on Wall Street. Japan reported relatively strong economic data for the previous quarter, before the government began tightening coronavirus restrictions as cases surged. “Retail sales, industrial production and employment all rebounded strongly in June, pointing to a sizeable recovery in activity in between the alpha- and delta-driven coronavirus waves," Capital Economics said in a report. However, the current situation has Japanese officials sounding the alarm as Tokyo has reported record-breaking coronavirus cases for two straight days with the Olympics well underway.