Stocks in Asia mixed after China's economic data

Wednesday, 17. April 2019 08:19

Investors were mostly upbeat on Monday in the stock trading session in the Asia-Pacific region, maintaining sentiment since the latest jump on Wall Street. Risk appetite grew after China posted year-over-year growth 6.4% for the first quarter, surprising to the upside. The world's second-largest economy substantially topped projections for industrial production, which could be attributed to the massive stimulus launched by the government. The increase for March came in at 8.5% on an annual scale, while retail sales jumped by a stunning 8.7%. United States officials remained upbeat about the prospects of a trade deal with counterparts from Beijing.

Japan's Nikkei 225 index finished 0.25% higher at 22,277.97 points, the strongest level since December 4. The dollar was flat at ¥111.985 and fell 0.32% to 6.6911 offshore yuan at 8:17 am CET.

In the most populous nation, the Shanghai Composite was 0.35% in the green at the closing bell and the Shenzhen Composite was looking to finish 0.89% higher. The Hang Seng slipped 0.14% in Hong Kong. South Korea's Kospi moved only 0.12% lower. The S&P/ASX earlier declined 0.36% for the day.

Related Links: 
Breaking the News / IT