Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Asian shares trim losses after China GDP beat expectations

Signs of nervousness were displayed in Asia on Monday ahead of China's economic growth data, which could highlight the extent of China's slowdown, adding to the bearish mood markets have on China.

In the July-September period China's economy grew an annualized 6.9%, according to the National Bureau of Statistics (NBS), the weakest pace since the March-2009 quarter, and down from 7.0% in the previous quarter.

Japan's benchmark Nikkei 225 index fell 0.47% to 18,206.35 points within the first hour of trade, while Tokyo's broader Topix gauge was down 0.47% at 1,497.70 points.

Hong Kong's benchmark Hang Seng index slipped 0.13% to 23,037.13 points at the opening bell, mainland China's benchmark Shanghai Composite grew 0.31% to 3,401.82 points, and Korea's benchmark Kospi index fell 0.20% to 2,026.19 points in Seoul.

The benchmark Australian S&P/ASX 200 index was down 0.24% at 5,256.00 points in Sydney, with miners weighing on the index.

New Zealand's benchmark S&P/NZX 50 index was flat at 5,819.59 points this afternoon in Wellington.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.