Asian stocks fell sharply on Monday as concerns mounted around Country Garden, a major property developer in China which is now on the brink of default.
China's new bank loans tumbled in July and other key credit gauges also weakened, deepening investor concerns about the health of the world's second largest economy and sending the yuan to a six-week low.
A spike in the dollar index and bond yields also spurred risk aversion after Friday's stronger-than-expected producer price data from the United States stoked concerns about the possibility of U.S. interest rates rising further.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.