China Economic Data, Japan GDP, Revenue, Politics

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, November 30, 2020.

Toru Hanai | Bloomberg via Getty Images

Shares in Asia-Pacific were largely higher on Monday ahead of economic data from China.

Australia’s S&P/ASX 200 rose 0.43%.

Japan’s Nikkei 225 rose 0.98%, while the Topix index added 0.51% after the country reported GDP growth.

Mainland China markets rose. The Shanghai Composite gained 0.15% and the Shenzhen Component was up 0.37%.

The Hang Seng index in Hong Kong was 0.1% lower.

Investors are also waiting for economic data from China, including on industrial production and retail sales.

China’s industrial output is likely to grow 4.6% in July, according to a Reuters poll from a year ago. That figure stood at 3.9% in June.

Retail sales are likely to have increased by 5% in July compared to the same period in 2021, compared to a 4% increase in June.

The markets in India and South Korea will be closed on Monday for a holiday.

Add a Comment

Your email address will not be published.