Asian markets mixed as traders weigh rates outlook, China data

[Busari]

Asian markets mixed as traders weigh rates outlook, China data

Asian markets were mixed Monday and oil fell as investors assessed data showing further weakness in China's economy and comments from Federal Reserve officials showing it was wedded to its campaign of interest rate hikes to fight inflation. The data out of China revived demand concerns on oil markets, sending both main contracts down Monday, following a bounce last week.
Source: Asian markets mixed as traders weigh rates outlook, China data