Markets struggle as rally fades

By Agence France-Presse

Jul 18, 2023 12:20 am

HONG KONG: Asian markets struggled on Monday to build on last week's rally, with new data showing China's economy grew less than expected in the second quarter as its post-Covid recovery runs out of steam.

Equities surged last week as news that US inflation slowed more than forecast fanned hopes that the Federal Reserve would soon end its campaign of interest rate hikes.

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