© Reuters.

Investing.com – Asian markets were mixed in morning trade on Thursday following the release of disappointing economic data across the region.

The Shanghai Composite inched up 0.1% by 10:47 PM ET (02:47 GMT), while the gained 0.4% as investors shrugged off data that showed China’s economy slowed further in October.

In October, rose 4.7% from a year earlier, compared with a median estimate of 5.4%. climbed 7.2%, also less than the forecast of a 7.8% increase.

slowed to 5.2% in the first ten months, versus the expected 5.4%.

The Hang Seng Index fell 1%. Hong Kong stocks were under pressure this week and fell more than 5% so far as concerns about worker safety grew. In the past three days, protesters shutdowns transportations during morning rush hours, while police fired tear gas outside major office buildings.

Data compiled by Bloomberg showed that the pace of Hong Kong takeovers by Chinese companies has plunged 80% since June, although markets for initial and secondary stock offerings are relatively less impacted.

Index heavyweight Tencent Holdings Ltd (HK: )traded more than 2% lower after the company reported worse-than-expected earnings.

Japan’s Nikkei 225 traded 0.7% lower after the Cabinet Office reported on Thursday that the country’s grew at 0.2% quarter-on-quarter in the three months through September. Economists had forecast a 0.9% expansion.

Down under, Australia’s ASX 200 gained 0.5%. While not a directional driver, the country’s unexpectedly rose 5.3% in October versus the expectation of no change from 5.2% last month, according to data from the statistics bureau.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-11-13