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Asian shares weaker as Korea tensions outweigh China GDP

Published 04/17/2017, 12:08 AM
Updated 04/17/2017, 12:09 AM
© Reuters.  Asian shares weaker
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Investing.com - Asia shares fell on Monday with tensions on the Korean peninsula weighing on sentiment and investors shrugging off better than expected China GDP figures.

China on Monday reported first quarter GDP rose 1.3% on the quarter compared to the same period a year ago for an annual pace of 6.9%, beating expectations for the year comparison. A poll of analysts says quarter-on-quarter up 1.6% and year-on-year GDP up 6.8%. China also reported industrial production rose 7.6% in March, compared to a 6.3% gain seen and retail sales gained 10.9% against a 9.6% rise seen.

The Shanghai Composite declined by 0.72%. Japan's Nikkei 225 eased 0.06%, but the Kospi climbed 0.37%. Hong Kong, Australia and New Zealand markets are closed for Easter Monday.

U.S. markets were shut on Friday for Good Friday.

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