Stocks in Asia-Pacific were mixed on Monday, as investors reacted to the release of China’s Gross Domestic Product data.
In Japan, the Nikkei 225 restocked 260.50 points, or 1.1%, to 23,671.13.
Japan’s exports fell 4.9% as compared to a year earlier in September, according to trade statistics released by the country’s Ministry of Finance on Monday.
The Japanese yen traded at 105.37 per U.S. dollar after seeing levels below 105.3 against the greenback last week.
In Hong Kong, the Hang Seng Index jumped 155.47 points, or 0.6%, to 24,642.26, with shares of HSBC listed in the city gaining 2.5%.
Shares of Alibaba in Hong Kong rose 1.1%. The Chinese tech giant’s financial technology affiliate Ant Group has received approval from the China Securities Regulatory Commission for the Hong Kong leg of its anticipated listing.
Meanwhile, Sun Art Retail Group’s stock soared 19.2% after Alibaba announced it agreed to acquire controlling stakes in the firm.
The Australian dollar changed hands at $0.7095 following its decline last week from levels above $0.715.
CHINA
In Shanghai, the CSI 300 slid 36.19 points, or 0.8%, to 4,755.49.
China’s third-quarter GDP grew 4.9% as compared to a year ago, according to data released Monday by the country’s National Bureau of Statistics. That compared against expectations by Chinese economists of 5.2% GDP growth in the third quarter, according to an average of estimates compiled by Wind Information, a financial information database.
Meanwhile, retail sales in China rose 3.3% in September from a year earlier.
In other markets
In Korea, the Kospi index nicked ahead 5.21 points, or 0.2%, to 2,346.74.
In Taiwan, the Taiex Index hiked 157.97 points, or 1.2%, to 12,908.34.
In Singapore, the Straits Times Index edged ahead 10.55 points, or 0.4%, to 2,543.57
In New Zealand, the NZX 50 deducted 47.91 points, or 0.4%, to 12,385.25.
In Australia, the ASX 200 gained 52.59 points, or 0.9%, to 6,229.38.
