Asian stocks ended mixed on Monday, as rising cases of the Delta variant of the coronavirus as well as growing worries about China's crackdown on local tech companies offset investor optimism that the U.S. Federal Reserve would adhere to its accommodative policies.
Chinese shares ended modestly higher after a survey showed the country's service sector expanded at a much slower pace in June. The benchmark Shanghai Composite index dropped 15.56 points, or 0.44 percent, to 3,534.32.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.