Asian equities are mixed
On Friday, Asian stock markets were generally mixed after China posted better-than-anticipated industrial output as well as retail sales, although investment headed south to a fresh minimum.
In August, China’s industrial output tacked on by 6.1% in contrast with the same period of 2017. Retail sales in this Asian country gained 9%, beating market expectations. At the same time, the fixed asset investment surge speeded down to 5.3% for the first eight months this year, which is below Reuter’s estimate of 6%.
The Chinese economy is gradually speeding down. However, it’s still good at this moment. The Chinese authorities aren’t going to have the direction of deleveraging changed. Instead, they intend to change its tempo due to the fact the country’s economy is firm enough.
The Shanghai Composite went down by 0.16% in China, while SZSE Component declined by 0.58%. As for the Hang Seng Index, it managed to add 0.84%.
Having met with French Foreign Minister Jean-Yves Le Drian, Wang Yi, China’s State Councilor told that the world trade system should be reformed.
China backs necessary reforms as well as perfection of the current system. Additionally, Chine expects the WTO to become more effective, fairer, and more rational.
Wang Yi stressed that the purpose of the reform should be to enable countries to enjoy the benefits of globalization more fairly, without extending the differences between the north and the south.
His remarks showed up right after the resumed trade negotiations in Washington to prevent the trade war jitters from escalating, and American leader writing on Tweeter that the US government wasn’t forced to make a deal with the Asian counterpart.
Japan’s Nikkei 225 managed to extend profits gains, leaping by 0.95%. In South Korea, the KOSPI index ascended by 1.26%. The S&P/ASX 200 rallied by 0.7% in Australia.
Similar
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Latest news
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…
Deposit with your local payment systems
