SYDNEY, AAP – Concerns over economic data from China have sapped ASX investors’ confidence.
China’s factories slowed their output in April and retail sales significantly missed expectations in signs the nation’s economic recovery may be stumbling.
Investors sold more stock in the wake of the news and the indices dipped.
The benchmark S&P/ASX200 index closed higher by 9.4 points, or 0.13 per cent, to 7023.6 on Monday.
The All Ordinaries closed up 16.4 points, or 0.23 per cent, to 7255.8 points.
The Australian dollar was buying 77.60 US cents at 1628 AEST, higher from 77.31 US cents at Friday’s close.