The Asian equity benchmarks ended mostly in green on Friday, as optimism was boosted by US data on retail sales, while the Japanese shares gained ahead of the weekend’s election. China’s economy showed further signs of fatigue in November, with factory growth slowing more than expected and investment expansion hovering near a 13-year low, putting pressure on policymakers to unveil stronger stimulus measures. A deluge of weak data this week has reinforced the view that annual economic growth may weaken further from 7.3% in the third quarter - already the lowest since the great financial crisis and further straining the fragile global economy. China’s leaders will keep growth on track next year by applying a prudent monetary stance with a balance between loosening and tightening. China’s economy is adjusting to a new normal of slower growth -- a phrase President Xi Jinping has used several times recently.
Chinese Industrial Production fell to 7.2%, from 7.7% in the preceding month. Chinese Retail Sales rose to an annual rate of 11.7%, from 11.5% in the preceding month. Chinese Fixed Asset Investment fell to a seasonally adjusted 15.8%, from 15.9% in the preceding month. Japan’s industrial production rose to a seasonally adjusted 0.4%, from 0.2% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,938.17 | 12.43 | 0.42 |
Hang Seng | 23,249.20 | -63.34 | -0.27 |
Jakarta Composite | 5,160.43 | 7.74 | 0.15 |
KLSE Composite | 1,732.99 | -11.58 | -0.66 |
Nikkei 225 | 17,371.58 | 114.18 | 0.66 |
Straits Times | 3,324.13 | 5.43 | 0.16 |
KOSPI Composite | 1,921.71 | 5.12 | 0.27 |
Taiwan Weighted | 9,027.33 | 14.26 | 0.16 |
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