Shares slip as China data stokes economic slowdown fears

Published by
Reuters UK

By Tom Wilson and Kane Wu LONDON/HONG KONG (Reuters) – European shares paused their new year rally and Asian equities slipped after China reported weak fourth-quarter economic data on Tuesday, keeping investors on edge over the prospects of a global recession. The Euro STOXX 600 lost 0.2%, slipping from its nine-month high hit on Monday. Global equities have enjoyed a rally so far in 2022, spurred by hopes of a rebound in China’s economy and an easing of prices pressures in the United States and Europe. But the Chinese data showed that the world’s second-biggest economy grew 2.9% in the fourth…

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