Asian Equities Mixed after Chinese Property Concerns

Asian equity markets started the week mixed despite Friday’s positive lead from Wall Street as concerns rose about a slowdown in China’s real estate market.

U.S. stocks halted a two-day losing streak on Friday, but the Dow Jones Industrial Average and S&P 500 still ended lower for the week. A U.S. consumer sentiment index slipped to 81.8 in May, according to a preliminary reading, down from 84.1 in the previous month.

Escalating tensions between China and Vietnam remain in focus after anti-Chinese riots in major Vietnamese cities killed two people last week. China has deployed chartered planes and boats to evacuate citizens while many Taiwanese and Hong Kong factories were damaged.

CNBC

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