Asian share markets turned mixed on Monday as Chinese retail sales missed expectations and Singapore moved to close schools to fight a coronavirus outbreak, while more evidence of global inflation pressures helped gold to a three-month peak.
Chinese retail sales rose 17.7% in April on a year ago, short of forecasts for a jump of 24.9%, while industrial output matched expectations with a rise of 9.8%. read more
“Industrial activity remains robust, supported by strong external demand for Chinese goods as vaccinations accelerate in developed countries,” CommSec economist Ryan Felsman said.
“But continuing global supply chain disruptions – including a semiconductor shortage – and surging commodity prices have sapped…