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Asian markets recover after China’s GDP growth fails to meet already low expectations



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

180721, -0.11%

was almost flat, while the benchmarks in Taiwan

Y9999, + 0.42%

Singapore

ITS, -0.09%

and indonesia

Jakidx + 0.86%

they were mixed S & P / ASX 200 from Australia

XJO, -0.43%

It was reduced by 0.4%. The Nikkei in Japan was closed for a holiday.

Among the individual shares, PetroChina

857, -1.40%

and the development of the new world

17 -0.48%

fell in the Hong Kong trade, along with Galaxy Entertainment

27, -0.81%

. SK Hynix chip manufacturer

000660, + 2.28%

It was raised in South Korea, while LG Electronics.

066570, -0.99%

slipped Taiwan Semiconductor

2330, + 1.40%

Cattle in Taiwan, while Beach Energy

BPT, + 0.38%

and Westpac Banking

WBC -0.54%

It fell in Australia.


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