Asia stocks try to bounce, China data a risk

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Reuters

By Wayne Cole SYDNEY (Reuters) – Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the session. Forecasts are for a fall of 6.1% in China’s annual retail sales, while industrial output is seen rising just 0.4%. Risks are to the downside given new bank lending in China hit the lowest in nearly four and half years in April. “The reports should highlight the economic damage from the country’s zero-COVID policy – we expect contractions in production and…

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