Asian equity markets ended mostly lower on Monday as a raft of Chinese data proved to be a mixed bag and investors awaited Federal Reserve Chairman Jerome Powell's semi-annual congressional testimonies on Tuesday and Wednesday for directional cues. Chinese shares ended lower after official data showed China's GDP growth slowed to 6.7 percent in the second quarter, its slowest pace since 2016. That matched forecasts but was a tad lower than 6.8 percent in the first quarter of 2018. Retail sales numbers for June exceeded expectations and fixed asset investment grew in line with expectations while industrial output growth came in shy of forecasts. Meanwhile, the Japanese market was closed in observance of Marine Day.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,813.92 | -17.26 | -0.61 |
Hang Seng | 28,539.66 | 14.22 | 0.05 |
Jakarta Composite | 5,905.16 | -38.91 | -0.66 |
KLSE Composite | 1,726.67 | 4.74 | 0.28 |
Nikkei 225 | - | - | - |
Straits Times | 3,232.79 | -27.56 | -0.85 |
KOSPI Composite | 2,301.99 | -8.91 | -0.39 |
Taiwan Weighted | 10,817.45 | -47.09 | -0.44 |
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