Asian shares mixed on statistical data from China


Moscow. October 19. Asian stock indices changed mixed on Monday, the Chinese indicator fluctuates between growth and decline after the publication of stronger than expected data on the Chinese GDP for the third quarter of 2015, reports Bloomberg.

The composite index of stock markets of the Asia-Pacific region MSCI Asia Pacific has fallen in the course of trading on 0,2%.

China’s Shanghai Composite climbed 0.1%, the Japanese Nikkei 225 fell 0.6%, the Hang Seng is 0.4%, the Australian S&P/ASX 200 added less than 0.1%.

The growth of China’s economy in July-September was 6.9%, slowing down compared with the second quarter (+7%), but surpassing the expectations of experts, on average prognozirovanii rise by 6.8%.

The Chinese government expects to maintain the momentum of economic growth in 2015 at 7%.

“Attitude of market participants is quite positive, all I hope for additional incentives from the PRC authorities, because data on GDP growth over the past quarter, though was better than expected, still below the target of the Chinese government, said the trader Shenwan Hongyuan Group Co. Hong Kong Yong Chiu. – Volatility markets are likely to decrease as investor confidence improves”.

“The growth rate of China’s GDP weaken and this trend will not stop, says chief investment officer of the Singapore unit of UBS AG in the field of asset management Hartmut Issel.

Industrial production in China increased in September by 5.7% in annual terms, after rising 6.1% in August, reported the National statistical office of China. Analysts had forecast a rise of 6%.

Meanwhile, retail sales in China increased last month, by 10.9%. In August, the growth was 10.8%, and analysts expect this momentum in September.

The rate of growth of investment in fixed assets in China has not justified market expectations. This indicator increased in the first nine months of 2015 of 10.3% against the expected growth of 10.8%.

Stock quotes brokerage companies in China are rising Monday amid increased trading volume. The value of the securities Citic Securities jumped 2.8%, Western Securities is 10%.

Shares of Chinese carmaker BYD Co. climbed 6.1%.

Japanese market declines on Monday amid low activity of traders.

The price of the securities Sumitomo Mitsui Construction Co. fell during the auction by 7.6% on the information of the newspaper Nikkei that the company may be punished for violations of construction legislation.

Shares of chemical company Nippon Soda Co. went up by 15%. Experts Nomura recommended investors to buy shares of the company.