Asia trades mostly higher after data

Monday, 19. October 2020 05:37

Equities on the Asian markets traded mostly higher on Monday with investors remaining focused on the economic data coming out of China. Released by the country's National Bureau of Statistics, the third-quarter GDP data showed the value of goods and services in the world's second-largest economy marking a 4.9% year-on-year growth in the three months period. Meanwhile, both the industrial production and the retail sales surprised expectations, rising by 3.3% and 6.9% on an annual basis respectively.

In Japan, the balance of trade for the month landed below the expected figure, despite marking an increase when compared to the surplus recorded in August.

The dollar traded 0.01% higher against the yen, going for ¥105.4125 at 05:47 am CET, with the Australian S&P/ASX 200 rising 1.09% at the same time. At 5:48 am CET, Hong Kong's Hang Seng climbed 0.66%, as South Korea's Kospi Composite added 0.69%.

Japan's Nikkei 225 advanced 1.14% at 5:49 am CET, while in mainland China, the Shanghai Composite went down by 0.33% at 5:30 am CET, with the Shenzhen Composite 0.36% down at 5:45 am CET.

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