China's Back From A Week-Long Holiday, And Stocks Are Down In Asia

Shanghai street

Photo: A Hundred Books, a Thousand Miles

The weekend is over.  And for China, a week long holiday is over. China’s Shanghai Composite is down 0.2% early in the trading session.Early reports show that this year’s Golden Week holiday was much bigger for tourism and sales than last year’s. However, the pace of growth has decelerated.

However, the rest of Asia is down.

Korea’s Kospi is down 0.7%.

Australia’s S&P/ASX is down 0.3%.

Hong Kong’s Hang Seng is down 0.6%.

Japan is closed for holiday.

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