DJIA26935.07
LIVE-159.72(-0.59%)
NDX7823.55
LIVE-78.24(-0.99%)

Asian shares fall as China data points to slowing growth


Monday, 16 July 2018 11:16 WIB

MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik


c_740_198_16777215_00_images_assets_25indek-hang-seng_reuters.jpg

Asian shares were lower on Monday after data from China showed the world's second-largest economy slowed slightly in the second quarter, and as investors remain cautious over the impact of the heated Sino-U.S. trade war.

Official data released Monday showed China's economy grew 6.7 percent in the second quarter of 2018, in line with market expectations, and cooling a bit from the 6.8 percent growth registered in each of the previous three quarters.

More worryingly perhaps, the data also showed slower-than-expected growth in China’s industrial output.

Taken together, the data point to an economy continuing to slow under the influence of a multi-year crackdown on excessive financial risk, even as trade war headwinds gather.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent.

Australian shares were down 0.4 percent, and Seoul's Kospi lost less than 0.1 percent.

Japan's markets are closed for a holiday.

Source: Reuters


RELATED NEWS

  • Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 3...
  • Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks. The Dow Jones Industrial Average f...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.