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Asian shares mostly lower on lackluster China, Japan data

Asian shares mostly lower on lackluster China, Japan data

ABC News
Thursday, September 16, 2021 06:10:57 AM UTC

Stocks are mostly lower in Asia after the region's two biggest economies released data that were weaker than expected

Stocks were mostly lower in Asia on Thursday after Japan and China released data that were weaker than expected.

Shares fell in Tokyo, Shanghai, Hong Kong and Seoul but rose in Sydney.

Japan reported that its exports rose 26.2% in August from a year earlier, but that was well below forecasts for a rise of over 30%, Marcel Thieliant of Capital Economics said in a commentary.

Relative weakness in vehicle exports might reflect shortages of semiconductors and other components that have prompted some manufacturers to cut output, he noted.

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