Economy

Asia-Pacific stocks rise as investors respond to China’s GDP data

SINGAPORE – Asia-Pacific stocks rose in early trade on Monday as investors responded. Data release of China’s GDP.

Mainland Chinese stocks were higher in morning trade Shanghai Mixed Up to 0.67% Shenzhen component 0.517% received.

China’s third-quarter GDP grew by 4.9% year-on-year, according to the country’s National Bureau of Statistics on Monday. 5.2% of GDP in the third quarter compared to the expectations of Chinese economists, according to an average of estimates compiled by the database Wind Information

Meanwhile, retail sales in China rose 3.3% in September.

Asia-Pacific markets are rising

Of Hong Kong Hong Cheng code Shares of HSBC, listed in the city, are up more than 2.5%, up 1.23% in morning trade.

Shares of Alibaba rose more than 1% in Hong Kong. Ant Group, a Chinese technology company and financial technology subsidiary, has approved its expected listing with the Chinese Securities and Exchange Commission of China. A source told CNBC.

Meanwhile, the stake in Sun Art Retail Group has since risen 17% Alibaba has agreed to buy a controlling stake in the company.

In Japan, the Nikki225 1.1%, while the Topics index added 1.33%.

Japan’s exports fell 4.9% compared to September, according to trade figures released by the country’s finance ministry on Monday.

Of South Korea Cosby 0.82% advanced.

Meanwhile, stocks rose in Australia S&P / ASX200 Up to about 1.1%.

Outside Japan, the broadest index of MSCI Asia-Pacific stocks traded up 0.76%.

Coins and oil

The US Dollar Index, Which tracks the green bag against the basket of its peers, was last touched 93.703 after touching 93.9 in recent days.

The Japanese Yen The dollar traded at 105.38 against the dollar last week after falling below 105.3 against the greenback. The Australian dollar The stock moved to 70,7098 following a fall of 75 from 0.715 last week.

Oil prices were lower in the morning of Asian trading hours, by international standards Brent crude future 0.2% per barrel. Decreased to 42.85. The US crude future Per barrel. 40.78 to less than 0.2%.

– CNBC’s Arjun Karpal and Evelyn Cheng contributed to the report.

Thelma Binder

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