Global stocks mixed on China data, drop in European gas prices

GLOBAL stocks were mixed yesterday following data showing China’s growth slowed sharply in 2022 as European gas prices hit another 16-month low on fading fears of a winter supply crunch.

Asia’s equities mostly fell as data showed the Chinese economy grew at its slowest pace in four decades last year, sparking talk of an uneven recovery as the nation emerges from debilitating zero-Covid measures.