Asia trades mostly higher amid data from China, Japan

Monday, 17. May 2021 07:20

Shares on the major stock market indexes in the Asia-Pacific region traded mostly in the positive territory on Monday as the investors digested the latest slew of data coming from the region's two largest economies.

Retail sales in China jumped by 17.7% in April, while its industrial production for the same month expanded by 9.8%. Data also revealed that Japan's producer prices went up by 0.7% in the fourth month.

The Shanghai Composite soared 1.05% at 7:01 am CET, as Shenzhen Composite surged 1.5% at the same time. Hong Kong's Hang Seng moved up by 0.58% at 7:17 am CET with the Australian S&P/ASX 200 concurrently adding 0.29%.

Japan's Nikkei 225 and South Korea's Kospi stood below the flatline with Nikkei 225 down by 0.98% at 7:19 am CET, and the South Korean benchmark losing 0.49% at the same time. The dollar stood unchanged versus the yen, selling for 109.3815 at 7:20 am CET.

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Breaking the News / BU