Asian equity markets ended mixed on Tuesday as Chinese data disappointed and worries about Turkey eased slightly after the country's central bank announced a raft of measures aimed at soothing markets. Chinese shares ended lower after a slew of Chinese data on industrial output, retail sales and fixed asset investment came in slightly below expectations. Retail sales in China jumped an annual 8.8 percent on year in July, a tad below expectations for a 9.1 percent gain and down from 9.0 percent in June. Industrial production advanced an annual 6.0 percent - unchanged from a month earlier but again beneath forecasts for 6.3 percent. Fixed asset investment grew 5.5 percent from a year earlier - missing expectations for 6.0 percent growth. Meanwhile, Japanese shares rose sharply and the yen pared some of Monday's rise after Turkey's central bank pledged to provide liquidity and cut reserve requirements for banks.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,781.16 | -4.71 | -0.17 |
Hang Seng | 27,752.93 | -183.64 | -0.66 |
Jakarta Composite | 5,769.87 | -91.38 | -1.58 |
KLSE Composite | 1,783.78 | 0.44 | 0.02 |
Nikkei 225 | 22,356.08 | 498.65 | 2.23 |
Straits Times | 3,242.87 | -2.47 | -0.08 |
KOSPI Composite | 2,258.91 | 10.46 | 0.46 |
Taiwan Weighted | 10,824.23 | 75.31 | 0.70 |
