Asian shares mixed after bad China, Japan data

Friday, 18. October 2019 05:12

Japan's benchmark stock market index continued its run higher and reached the strongest level since early December in its third out of the last four sessions in spite of a slight gain in the value of the yen, which normally pressures valuations of exporters listed in Tokyo. The Nikkei 225 also defied the lowest inflation reading in almost two and a half years excluding energy, trading 0.56% higher as of 5:10 am CET. The dollar was down 0.08% at ¥108.587 and slipped 0.06% to 7.0775 offshore yuan.

In other news, equities in Asia were looking for direction as traders were focusing on the chances to get the new Brexit deal passed in the Parliament of the United Kingdom. China's economic growth weakened further to a three-decade low though industrial production growth picked up substantially.

The Shanghai Composite retreated 0.22% and the Shenzhen Composite was barely in the green. The Hang Seng decreased by 0.12% and the Kospi was 0.08% higher. The Australian S&P/ASX 200 fell 0.64%.

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