Asian stock markets mixed as investors digest economic data from China

Asia-Pacific’s shares mostly hikes on Monday as investors kept an eye on the market reaction to Chinese economic data.

Shanghai Composite (SHCOMP) increased a bit at 3,276.09 at the end of the day, while the Shenzhen Component raised up at 12,460.22 by 0.33 percent.

Hong Kong’s (HK) Hang Seng index fell in the final hour of trade by 0.72 percent lower.

HK’s shares have imploded for many Chinese companies, including China Life Insurance and China Petroleum and Chemical due to the news that many firms plan to delist from the U.S.

According to Australia the S&P/ASX 200 rose 0.45 percent to close at 7,064.3.

MSCI’s broadest index of Asia-Pacific shares outside Japan were 0.21 percent lower.

Japan’s Nikkei 225 increased 1.14 percent to 28,871.78 while the Topix index added 0.6% firmer by the end of trading in Tokyo, settling at 1,984.96.

Japan’s economy grew to beyond pre-Covid levels in the latest GDP reading, while investors also digested a surprise interest rate cut and some data releases from China.

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