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Chinese markets mixed as investors digest economic data from China; Japan’s GDP expands

Shares in the Asia-Pacific were mostly higher on Monday as investors monitored market reaction to Chinese economic data.
Mainland China markets were mixed. The Shanghai Composite fell slightly to end the day at 3,276.09 and the Shenzhen Component was up 0.33% at 12,460.22.
Hong Kong’s Hang Seng index was 0.72% lower in the final hour of trade.
The S&P/ASX 200 in Australia rose 0.45% to close at 7,064.3.
MSCI’s broadest index of Asia-Pacific shares outside Japan were 0.21% lower.
Japan’s Nikkei 225 increased 1.14% to 28,871.78 while the Topix index added 0.6% to 1,984.96 after the country reported an expansion in GDP.
China’s industrial output and retail sales data for July missed expectations.
India and South Korea markets are closed for a holiday Monday.

Aug 16, 2022 14:05
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