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Asian markets attempt to rally following disappointing Chinese GDP figures

  • Regular
  • Asian Market
  • 1 month ago
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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