Asian equity markets ended mostly in green on Monday as weak US retail sales and inflation data served to cool Fed rate hike speculation and data showed the Chinese economy grew more than expected in the second quarter. Though, Chinese shares ended lower as a series of profit warnings from small-cap companies and the government's focus on increased regulatory scrutiny overshadowed encouraging GDP data. China's GDP grew 6.9 percent year-on-year in the second quarter of 2017, the National Bureau of Statistics said. That was unchanged from the previous quarter and exceeded expectations for a rise of 6.8 percent. On a quarterly basis, GDP growth stood at 1.7 percent - in line with expectations and up from 1.3 percent in the previous three months. Retail sales jumped an annual 11.0 percent in June, beating forecasts for 10.6 percent and up from 10.7 percent in May, while industrial output climbed 7.6 percent from last year, topping expectations for an increase of 6.5 percent. Fixed asset investment gained an annual 8.6 percent - unchanged from the previous month and beating forecasts for 8.5 percent. Meanwhile, the Japanese markets were closed for the Marine Day holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,176.47 | -45.95 | -1.43 |
Hang Seng | 26,470.58 | 81.35 | 0.31 |
Jakarta Composite | 5,841.28 | 9.49 | 0.16 |
KLSE Composite | 1,755.19 | 0.19 | 0.01 |
Nikkei 225 | - | - | - |
Straits Times | 3,298.24 | 10.81 | 0.33 |
KOSPI Composite | 2,425.10 | 10.47 | 0.43 |
Taiwan Weighted | 10,457.54 | 13.63 | 0.13 |
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