Hong Kong, Shanghai lead losers on mixed day for Asian markets [Video]

Shares in Hong Kong and Shanghai sank Monday on a mixed day for Asian markets after data showing Chinese consumer prices slipped back into deflation stoked fresh concerns over the world’s number two economy.

The reading compounded uncertainty on trading floors as investors struggle to keep up with Donald Trump’s trade policy tinkering, while his refusal to rule out a US recession this year further rattled confidence.

The president’s on-again, off-again tariff threats against Canada, Mexico, China and others have left financial markets in turmoil and consumers unsure what the year might bring.

Traders are also keeping tabs on Beijing as Chinese leaders wrap up their annual rubber stamp parliament gathering where they set a 2025 annual growth target of around five percent, vowed to make domestic demand its main economic driver, and unveiled a rare hike in fiscal funding.

The need for more measures to boost the faltering economy …