Asian marts close lower despite G20 pledge

HONG KONG: Asian stock markets mostly lost ground in morning trade on Monday, with investors hardly moved by the Group of 20’s commitment over the weekend to boost global growth by $2 trillion over five years.

After a weak lead from Wall Street, markets were looking to a string of US data in the week ahead for clues about the health of the world’s largest economy, with figures due out on housing, consumer confidence and gross domestic product (GDP) growth.