Asian equity markets ended mostly lower on Tuesday as Chinese economic data disappointed and uncertainty lingered over US tax policy. Chinese shares ended lower after a slew of data showed the world's second-largest economy cooled further last month. China's industrial production and retail sales growth decelerated in October and property investment also cooled, as measures taken to curb excessive debt and factory pollution weighed on activity, data from the National Bureau of Statistic showed. Industrial output grew 6.2 percent year-on-year in October, down from the 6.6 percent expansion seen in September. Retail sales growth eased to 10 percent from 10.3 percent in the month, while fixed asset investment climbed 7.3 percent compared to 7.5 percent rise seen for the nine months ended September. Bank lending and property investment growth figures also disappointed investors. Meanwhile, Japanese shares closed on a flat note, with the benchmark Nikkei finishing marginally lower at 22,380.01.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,429.55 | -18.29 | -0.53 |
Hang Seng | 29,152.12 | -30.06 | -0.10 |
Jakarta Composite | 5,988.29 | -33.16 | -0.55 |
KLSE Composite | 1,733.61 | -3.88 | -0.22 |
Nikkei 225 | 22,380.01 | -0.98 | -- |
Straits Times | 3,399.09 | -20.04 | -0.59 |
KOSPI Composite | 2,526.64 | -3.71 | -0.15 |
Taiwan Weighted | 10,687.18 | 3.26 | 0.03 |