Asia stocks muted after China cautions on economy
BANGKOK, JULY 16 (AP/UNB) - Asian stock markets are mixed after China's premier said weakness in the world's second-biggest economy is not yet over.
The weekend comments from Wen Jiabao came after China on Friday reported that quarterly economic growth slipped to a three year low.
Hong Kong's Hang Seng was little changed Monday while South Korea's Kospi was off 0.3 percent. China's Shanghai Composite was down 0.8 percent.
Australia's S&P/ASX 200 added 0.7 percent. Japan's markets are closed for a public holiday.
Wen said China's economy has not yet entered a recovery and "economic difficulties may continue for some time."
The weekend comments from Wen Jiabao came after China on Friday reported that quarterly economic growth slipped to a three year low.
Hong Kong's Hang Seng was little changed Monday while South Korea's Kospi was off 0.3 percent. China's Shanghai Composite was down 0.8 percent.
Australia's S&P/ASX 200 added 0.7 percent. Japan's markets are closed for a public holiday.
Wen said China's economy has not yet entered a recovery and "economic difficulties may continue for some time."
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