Asia-Pacific markets fell on Monday as investors digested key economic data from China.
Markets in Japan were shuttered for holiday.
Hong Kong markets will likely be closed all Monday due to a warning issued for Typhoon Tallim. The Hong Kong Observatory expects storm signal No. 8 to remain in force until at least 4pm.
The Hong Kong Exchange usually cancels the morning trading sessions if the typhoon signal is No. 8 or above, and all trading sessions for the day will be cancelled if signal No. 8 or above remains in force by noon.
In Australia, markets declined, snapping a four-day winning streak. The country will release unemployment figures later this week, which will give clues to the Reserve Bank of Australia’s rate decisions.
In Southeast Asia, Singapore’s non-oil domestic exports dropped 15.5% in June compared to a year earlier, while Indonesia saw its trade balance for June surge more than expected.
CHINA
In China, the CSI 300 lost 31.93 points, or 0.8%, to 3,867.17.
Most notably, the world’s number two economy reported that GDP for the second quarter grew 6.3%, lower than economists expected.
In other markets
In Singapore, the Straits Times Index moved forward 5.8 points, or 0.2%, to 3,254.45.
In Korea, the Kospi Index subtracted 9.3 points, or 0.4%, to 2,619.
In Taiwan, the Taiex index gained 50.58 points, or 0.3%, to 17,334.29.
In New Zealand, the NZX 50 fell 74.51 points, or 0.6%, to 11,938.92.
In Australia, ASX 200 ditched 4.57 points, or 0.1%, to 7,298.51.
