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- Asian Stocks close: most stocks closed lower after the Chinese economic data
Asian Stocks close: most stocks closed lower after the Chinese economic data
Most Asian stock indices closed lower after the Chinese economic data. China's gross domestic product increased 7.3% in the third quarter, exceeding expectations for a 7.2% rise, after a 7.5% gain in the second quarter.
China's industrial production climbed 8.0% in September, beating forecasts of a 7.5% increase, after a 6.9% gain in August.
Fixed asset investment in China rose 16.1% in September, missing expectations for a 16.2%, after a 16.5% gain in August.
Retail sales in China increased 11.6% in September, missing forecasts of a 11.8% gain, after a 11.9% rise in August.
Investors speculate that these Chinese economic data would not be enough for additional stimulus measures.
Japan's all industry activity index decreased 0.1% in August, beating expectations for a 0.3% drop, after 0.4% fall in July. July's figure was revised down from a 0.2% decline.
Indexes on the close:
Nikkei 225 14,804.28 -306.95 -2.03%
Hang Seng 23,088.58 +18.32 +0.08%
Shanghai Composite 2,339.66 -17.07 -0.72%
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