/Asia-Pacific shares mixed as investors react to China economic data
Asia-Pacific shares mixed as investors react to China economic data

Asia-Pacific shares mixed as investors react to China economic data

SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade as investors reacted to the release of Chinese economic data.

Mainland Chinese stocks were higher, with the Shanghai composite up about 0.9% while the Shenzhen component surged 1.933%.

The moves came following the release of a slew of Chinese economic data. China’s industrial output rose 9.8% year-on-year in April, according to data released Monday by the country’s National Bureau of Statistics. That figure was in line with expectations from a Reuters poll.

Official data also showed retail sales in China jumping 17.7% year-on-year in April. That, however, fell short of expectations in a Reuters poll for a 24.9% increase.

In Japan, the Nikkei 225 dipped 0.96% in morning trade while the Topix index sat fractionally lower. South Korea’s Kospi edged 0.44% lower.

Over in Australia, the S&P/ASX 200 gained 0.46%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.25% higher.

Currencies and oil