Asian stocks mostly soar notwithstanding headwinds from China data

Asian stocks mostly soar notwithstanding headwinds from China data

On Monday, Asian stocks mostly added outside of Tokyo notwithstanding headwinds from a North Korean weekend missile test as well as worried over further spread of cyberattacks worldwide.

The Japanese benchmark Nikkei 225 went down 0.12%. As for the Kospi, it managed to shrug off North Korea's latest missile launch. Australia S&P/AX 200 tacked on 0.08%.

Meanwhile, miner BHP Billiton is supposed to disclose plans to unlock greater value from its shale assets right after hedge fund Elliott Management made the company restructure the previous month, as Reuters informed.

The Hang Seng Index jumped 0.56%, the Shanghai Composite inched up 0.26%.

Secondly, China posted that industrial production leapt a less than expected 6.5%, thus missing a 7.5% revenue observed. In addition to this, China informed that retail sales for April headed north 10% on year.

The previous week, American shares concluded mostly lower on Friday. It’s because market participants fled retail stocks for a second straight day amid worries of a drop in the retail sector while weaker than expected economic reports applies pressure on upside momentum.

Similar

Latest news

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera