You are here: Home - Investing - Experienced Investor - News -

Weak Chinese data drags down Shanghai stocks

0
Written by:
13/11/2014
Chinese data for October came in weaker than expected on Thursday, dragging down the mainland index, but Hong Kong shares have remained strong.
Weak Chinese data drags down Shanghai stocks

The Shanghai Composite fell 0.4 per cent to 2,486, after China reported a muted rise in industrial output and retail sales.

Output rose 7.7 per cent year on year, undershooting economists’ expectations of an 8% rise, while retail sales were up 11.5 per cent instead of a predicted 11.6 per cent increase. At the same time, fixed asset investment fell to 15.9 per cent from 16.1 per cent the previous month.

The weaker data supports the concerns of economists China may be facing a significant slowdown from its multi-year strong GDP growth.

However, the offshore Hong Kong market managed to shrug off the weak data, as investors continued to favour these shares ahead of the planned Hong Kong-Shanghai Stock Connect programme launch expected next week. The Hang Seng is up 0.3%.

Meanwhile, Japanese stocks have continued to rally, up 1.1 per cent on Thursday to 17,393, extending a winning streak which saw the Nikkei index rise to seven-year highs on Tuesday.

The continued rally followed a report by the local media of an upcoming snap election in Japan, which is said to have been discussed all week.

 

 

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week