Asian stocks up after Wall Street dip on China's Covid-bruised data

Hong Kong (AFP) May 17, 2022

Asian stocks rose Tuesday despite a lukewarm lead from Wall Street after weak Chinese economic data showed the deep cuts of Beijing's zero-Covid policy and added to inflation worries. China has persisted in its strict zero-Covid policy to stamp out an Omicron-fuelled wave, ordering lockdowns in various cities and shuttering factories and ports. The impact of this strategy on the world's