Asian markets recovered from early losses on Monday, as China posted its weakest quarterly GDP growth in at least 27 years.
Monday's data showed that the world's second largest economy expanded by 6.2% over the previous year, down from 6.4% in the previous quarter. The result was the slowest since the first quarter of 1992, when the earliest quarterly data was available, according to Dow Jones Newswires, and lower than the 6.3% average forecast of a Wall Street Journal survey of 14 economists.
The Hang Seng index of Hong Kong
HSI, + 0.22%
The last rose 0.3% and the Shanghai Composite.
SHCOMP, + 0.76%
it gained 0.4%, after both indexes began trading day with losses before the GDP report. Kospi from South Korea
was almost flat, while the benchmarks in Taiwan
Y9999, + 0.42%
Jakidx + 0.86%
they were mixed S & P / ASX 200 from Australia
It was reduced by 0.4%. The Nikkei in Japan was closed for a holiday.
Among the individual shares, PetroChina
and the development of the new world
fell in the Hong Kong trade, along with Galaxy Entertainment
. SK Hynix chip manufacturer
000660, + 2.28%
It was raised in South Korea, while LG Electronics.
slipped Taiwan Semiconductor
2330, + 1.40%
Cattle in Taiwan, while Beach Energy
BPT, + 0.38%
and Westpac Banking
It fell in Australia.