Asian shares were mostly lower Monday, dogged by persisting worries over a possible recession and the risk of a default on the U.S. national debt. U.S. futures and oil prices also fell.
Shares in Thailand fell after the country’s main opposition parties easily bested other contenders in an election result that fulfilled many voters’ hopes in a chance for change after nine years under a former coup-leading general. The SET was down 0.8% in early trading.
This week will bring major updates on the Chinese and Japanese economies. China‘s faltering rebound from disruptions caused by limits on travel and other activities during the COVID-pandemic has raised worries that it won’t provide the sort of growth needed to offset slowdowns in other major economies.
“The sharp moderation in China’s economic surprise index since the start of the month suggests that economic data are turning in…
