Asian shares mostly fall on US bank, China fearsAP, TOKYOAsian shares on Friday mostly declined on looming worries over US banks and lagging demand from China, the region’s major driver of growth. “Asian equities struggled for direction after weak inflation data in China pointed to weakening demand,” SPI Asset Management managing partner Stephen Innes said. In Taipei, the TAIEX closed down 12.28 points, or 0.08 percent, at 15,502.36, falling 0.8 percent from a week earlier. Japan’s benchmark Nikkei 225 gained 0.9 percent to finish at 29,388.30, as companies such as Nissan Motor Co gained after reporting relatively favorable earnings. India’s SENSEX gained 123.38 points, or 0.2 percent, to 62,027.90, rising 1.59 percent for the week.

Source: Taipei Times May 14, 2023 03:32 UTC