Most Asias stocks rise on positive economic data

Monday, 17. January 2022 04:47

Equities on the Asian markets traded mostly higher on Monday with investors reacting to the economic data coming out of China.

Released by the country's National Bureau of Statistics, the fourth-quarter GDP data showed the value of goods and services in the world's second-largest economy marking a 1.6% growth. Meanwhile, both the industrial production and the retail sales marked an increase in December, rising by 4.3% and 1.7% on an annual basis, respectively.

In mainland China, the Shanghai Composite increased by 0.59% at 4:30 am CET, with the Shenzhen Composite rising by 1.35% at 4:46 am CET. At 4:51 am CET, South Korea's Kospi went down by 1.21% and Hong Kong's Hang Seng by 0.59% at the same time. Japan's Nikkei 225 added 0.86% at 4:52 am CET, with the dollar trading 0.21% higher against the yen, going for ¥114.4320 a minute later. The Australian S&P/ASX 200 went up by 0.26% at 4:54 am CET.

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Author:
Baha Breaking News (BBN) / NL