Asian stocks mixed, unsettled by Portugal debt, Wall St losses

HONG KONG: Asian shares were mixed on Monday with China buoyed by recent data indicating its economic recovery, but other markets were unsettled by drops on Wall Street and the bailout of a crisis-hit Portuguese bank.

Traders said the intervention by Portugal’s central bank to inject 4.4 billion euros ($5.9 billion) into the crisis-hit Banco Espirito Santo late Sunday had an impact on markets, as did the Dow’s substantial sell-off last week.