Asian markets attempt to rally following disappointing Chinese GDP figures
- Asian Market
- 1 month ago
Asian indices have mostly bounced back during the day’s session following the disappointing GDP report from China.
The Shanghai Composite recovered to close up by 0.4% despite the not-so-impressive figure while the Hang Seng in Hong Kong rose by 0.3% although stocks such as PetroChina, New world Development and Galaxy Entertainment all fell.
South Korea’s Kospi remained flat throughout the exchange as LG Electronics slipped by 0.7%, however chop maker SK Hynix did gain 2%.
In Taipei the TAIEX was slightly higher by 0.4% as Taiwan Semiconductor climbed by 1.6%, while in Singapore the STI fell by 0.1%.
Over in Australia the ASX 200 shed 0.4% as Beach energy and Westpac Banking recorded losses.
Source: Smart Trend Team