Negative trend in Asian markets against the background of Chinese macro

Mixed signs with mostly negative trends in the stock markets of the Asia-Pacific region with the Chinese market showing modest losses while investors assimilate a series of economic data announced by Beijing.

In particular, China’s industrial production grew faster in November as the country’s energy crisis eased, while consumption and investment declined, according to official figures.

Value-added industrial production increased by 3.8% compared to the previous year in November, higher than the 3.5% increase recorded in October, according to the statistical service.

The result was slightly higher than the 3.7% expected by economists.

Retail sales also rose 3.9% year-on-year in November, up from 4.9% in October and also lower than the 4.5% expected by economists.

In addition New housing prices have fallen in China for the third month in November, the biggest drop in more than six years as the country’s real estate slump worsened by repression by Chinese authorities.

In this climate, in mainland China Shanghai Composite remains almost unchanged, while Shenzen loses 0.31%. In the Hong Kong the Hang Seng index is down 0.1%.

Chinese biotechnology company BeiGene made its debut on the Shanghai Star Market – Nasdaq – with a bid price of 192.6 yuan ($ 30.24) per share, after raising more than $ 3 billion. However, the stock opened 8.1% below this offer price, at 176.96 yuan per share. Last traded at 170.68 yuan, or down more than 10%. It is noted that the company is already listed in Hong Kong and Nasdaq in the US.

In Japan, the Nikkei 225 remains virtually unchanged, while the Topix is ​​up 0.48%.

Toyota shares recorded a “jump” of 3.62% after the announcement that it will invest 8 trillion. yen ($ 70 billion) in the electric drive of its vehicles by 2030, according to Reuters.

In South Korea, Kospi notes losses of 0.18%, while in Australia the S & P / ASX 200 is slipping by 0.7%.