Stock market today: Asian shares mostly lower after China reports weaker than expected growth in 2Q
Asian shares were mostly lower on Monday after China reported weaker growth than forecast in the last quarter. Markets in Japan were closed for a holiday and Hong Kong’s market closed due to a typhoon. U.S. futures and crude oil prices were lower. The Shanghai Composite index dropped 1.2% to 3,199.17 after China reported its economy grew at a 6.3% annual pace in April-June. That’s better than the 4.5% expansion in the January-March quarter but well below forecasts of over 7%. The economy is expected to slow further in coming months, though investors will be expecting moves