Asian markets ended mostly higher on Monday with Chinese shares after reports that the US may start approving licenses to certain companies to start selling specific Chinese company's Huawei products in the upcoming two or three weeks, despite official data showed China's GDP growth slowed to 6.2 percent in the second quarter from a year earlier, its weakest pace in at least 27 years amid a prolonged trade war with the United States. Meanwhile, June factory output and retail sales figures offered signs of improvement. Annual growth in industrial production advanced more-than-expected to 6.3 percent from 5 percent in May, showing the fastest growth in three months. Likewise, retail sales grew at a faster pace of 9.8 percent after rising 8.6 percent a month ago, against forecast of an 8.5 percent increase for June. Year-to-date fixed asset investment increased 5.8 percent compared to 5.6 percent expansion in January to May period while property investment logged a double-digit growth of 10.9 percent during January to June period. The Japanese market was closed for the Marine Day holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,942.19 | 11.64 | 0.40 |
Hang Seng | 28,554.88 | 83.26 | 0.29 |
Jakarta Composite | 6,418.23 | 44.88 | 0.70 |
KLSE Composite | 1,672.37 | 2.92 | 0.17 |
Nikkei 225 | - | - | - |
Straits Times | 3,347.95 | -9.39 | -0.28 |
KOSPI Composite | 2,082.48 | -4.18 | -0.20 |
Taiwan Weighted | 10,876.43 | 52.08 | 0.48 |
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