Asia shares cautious ahead of China data test By Reuters – Investing.com UK

Asia shares cautious ahead of China data test By Reuters – Investing.com UK

By Wayne Cole

SYDNEY (Reuters) - Asian shares edged cautiously higher on Monday catching the tailwind from a bounce on Wall Street and ahead of what are expected to be upbeat readings on the Chinese economy, though any disappointment could quickly chill the mood.

Industrial output and retail sales are forecast to show hefty annual gains given activity in April last year was badly marred by pandemic lockdowns. Exports remain strong as the developed world reopens, while stimulus at home should support retail spending.