Asian markets trade mixed after China data

Monday, 16. September 2019 04:45

Markets in Asia traded mixed on Monday after weaker-than-expected economic data from China. The country's National Bureau of Statistics released retail sales figures and industrial production, both of which came in below expectations as the trade war with the United States drags on.

Meanwhile, investors around the globe are monitoring the situation after Saudi Aramco's oil facilities were targeted by drone strikes.

In China, the Shanghai Composite gained 1.02% at 4:39 am CET and the Shenzhen Composite advanced 0.14% at 4:41 am CET. At the same time, Hong Kong's Hang Seng dropped 1.31%. The Tokyo Stock Exchange was closed for a holiday.

In South Korea, the Kospi Composite gained 0.29% at 4:43 am CET, while Australia's S&P/ASX 200 was flat.

The dollar fell 0.32% against the yen to sell for 107.745 at 4:45 am CET.

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