The majority of Asian stocks were baffled and mixed on the recent economic data that China unveiled earlier this Thursday. China’s recent economic figures proved that the second largest economy in the world is experiencing a pattern of sluggishness this year; Chinese equities remained bearish as it leads the slack in performance.
Most Asian stocks remained high riding the surge from yesterday despite the economic data from China today, some of the stocks that lagged behind were the like of South Korea’s Kospi and Hong Kong’s Hang Seng index as well.
Mixed Asian Stocks
Starting on the stocks that managed to keep their composure today; the first one to keep its gains is
On the other side of the coin, the Chinese economic performance this quarter severely pressured Hong Kong’s Hang Seng Index, it managed to shed some of the gains it earned from yesterday and decreasing by 0.1% today to 28,698.05. Another Chinese stock, Shanghai’s Composite Index was also down by a whopping 0.4% today to 3,368.62.
One of the notable companies to also drop today is the famous automaker Toyota; the auto company dropped a total of 0.1% today. On the other hand, another notable automaker, Honda, managed to reverse the tides with the increase being tallied at 0.7% today.
The weaker yen also managed to pull exports on the local companies such as Panasonic and Mitsubishi Electric, the companies managed to increase by 0.1% and 0.6% increase respectively. Other technology companies also managed to score great increases today, Sony garnering a massive 0.5% increase and Canon also fishing a total of 0.2% increase today.
China’s Q3 Performance
The second largest economy in the world recently reported their Q3 performance, China managed to record a total of 6.8% increase in the annual pace during the past quarter which ended last September, it fails to top the forecast from several analysts which were at 6.9%. The
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