Asia-Pacific trades mixed after China's grim data

Friday, 14. August 2020 04:39

Major stock markets in the Asia-Pacific region traded mixed on Friday as the economic data from China stood in traders' focus. Recent reports showed that both China's industrial production, which remained unchanged compared to June, and retail sales, which yearly dropped 1.1%, failed to meet the estimations. While commenting on the bilateral trade deal with China, United States President Donald Trump stated his government's attitude towards the Asian country "is not friendly."

The Kospi Composite dropped 1.29% at 4:36 am CET, while on the other hand, Australia's S&P/ASX 200 rose 0.48%. The Hang Seng slipped 0.08% at the same time, and the Nikkei 225 climbed 0.11% at 4:30 am CET. In mainland China, the Shanghai Composite advanced 0.08%, and the Shenzhen Composite increased by 0.47% at 4:22 am CET.

The dollar traded flat against the yen, selling for ¥106.9315 at 4:37 am CET.

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