Asian stocks traded mixed on Monday as investors reacted to economic data from China and Japan.
In particular, according to data released today, retail sales in China rose 4.9% year-on-year in October, higher than the 3.5% increase forecast in a Reuters poll. At the same time, industrial production for the month also increased by 3.5% on an annual basis, exceeding analysts’ estimates in a Reuters poll for a rise of 3%.
Nevertheless, indicators in mainland China show losses. Specifically, the Shanghai composite and Shenzhen component fall 0.16% and 0.47% respectively. He also notes losses Hang Seng of Hong Kong as it declines 0.24%.
Meanwhile, preliminary data released today showed that Japan’s GDP fell 3% year-on-year in the July-September quarter, worse than analysts’ average estimates of a 0.8% contraction, according to Reuters. .
However the Japanese Nikkei 225 recorded gains of 0.56%, with the share of SoftBank Group rising by more than 2%.
In the rest of the dashboard, in South Korea o Kospi strengthened by 1.03% and in Australia o S&P/ASX 200 added 0.36%.
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