SINGAPORE — Shares in Asia-Pacific slipped on Monday, with data released over the weekend showing Chinese factory activity contracted in April.
In Japan, the Nikkei 225 closed 0.11% lower as shares of robot maker Fanuc dropped 2.26%. The Topix index dipped fractionally to 1,898.35.
Elsewhere, South Korea’s Kospi finished the trading day 0.28% lower at 2,687.45. Australia stocks also closed lower, with the S&P/ASX 200 falling 1.18% to 7,347.
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.56%.
China’s factory activity contracted at a steeper pace in April as Covid lockdowns hit industrial production, according to data released over the weekend.
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