Asian shares were lower on the first trading day of the week, as investors switched to ‘risk-off’ mode following disappointing Chinese export data over the weekend. The latest Japanese gross domestic product (GDP) figures further dented trading sentiment across the region.
Commenting on Monday’s sluggish tone in Asian equities, Kingsley Jones, Founder and CIO of Jevons Global, told CNBC’s Cash Flow, “I think a lot of that (weakness) has to do with the Chinese data released over the weekend. Those weak export numbers got investors a little risk off now. Not forgetting, in the background, there’s the brewing situation in Ukraine.”
Focus was also on the continued search for a missing Malaysia Airlines flight, which entered its third day on Monday.
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