Asian shares mixed on Tuesday


Moscow. October 20. Asian stock indexes show mixed changes on Tuesday, Bloomberg reported.

China’s Shanghai Composite swung between decline and growth, by 8:20 Moscow time its value fell less than 0.1%, the Hang Seng declined 0.5%, the Australian S&P/ASX 200 is 0.7%, the Japanese Nikkei 225 rose by 0.5%.

Published on the eve of the statistical data pointed to a slowdown in the Chinese economy in the third quarter of 2015 to 6.9% from 7% in the previous quarter. However, the rise of the Chinese GDP has surpassed the expectations of experts (+6,8%).

“Macroeconomic indicators can not be called strong, and traders believe that Chinese authorities will take measures to support technological companies”, – said a senior economist at the Chinese markets Reorient Financial Markets in Hong Kong, Steve van.

Shares of China Mobile on Tuesday has risen on 0,3% in anticipation of the publication of the quarterly reports of the service provider.

The quotations of energy and materials companies in the PRC falls in the course of trading: shares of PetroChina fell 0.8%, Jiangxi Copper – 2.3%.

Japanese market rises on Tuesday after declining in the previous session.

“The decline in the Japanese stock market on Monday on downbeat data from China was excessive, – says the analyst of Japan Asia Securities in Tokyo Mitsuo Shimizu. – However, despite the slowdown, statistics pointed to the growing consumption in China”.

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

Shares of Japanese drinks manufacturer Takara Holdings rose on Tuesday by 7.2% on a strong prior statements of a company.

The value of the securities Sumitomo Metal Mining slid 1.4 percent amid falling prices for raw materials.