Monday, 29 February 2016

Asia trades mixed; China shares tumble

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Chinese markets tumbled at the open Monday, but other markets in Asia were mixed by mid-morning, with Japan extending its gains from the previous week. 


Analysts expect some rocky trading this week amid a deluge of economic data in the region. Chinese markets opened in negative territory, with the main Shanghai composite down 4.07 percent while the Shenzhen composite slipped 5.7 percent. 

"Markets look set for a volatile week as a raft of data releases globally set markets up for a dramatic reweighting of growth expectations," wrote Angus Nicholson, a market analyst at IG, in his morning note.

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