Investing.com - Most Asian bourses traded higher Friday following a spate of mixed economic data reports out of regional giant China.
In Asian trading Friday, Japan’s Nikkei 225 fell 0.22% even as USD/JPY traded higher. With the economic data out from China Friday, Japan took a backseat to its regional rival on the day.
Hong Kong’s Hang Seng added 0.6% while the Shanghai Composite rose 0.43%. Earlier Friday, the National Bureau of Statistics of China said China’s third-quarter GDP rose 7.8% after rising 7.5% in the second quarter. Analysts expected the third-quarter increase of 7.8%.
In a separate report, the National Bureau of Statistics said Chinese industrial production rose 10.2% last month following a 10.4% August increase. Economists expected a September gain of 10.1%.
Chinese retail sales rose 13.3% in September after an August increase of 13.4%, but economists expected a September rise of 13.5%.
Another report showed Chinese fixed asset investment was up 20.2% last month after rising 20.3% in August. Analysts expected a September increase of 20.3%. China is the world’s second-largest economy and Australia’s biggest export market.
In U.S. economic news out Thursday, the Labor Department said the number of individuals filing for initial jobless benefits last week declined by 15,000 to a seasonally adjusted 358,000 from a downwardly revised 373,000 in the preceding week.
Analysts had expected U.S. jobless claims to decline to 335,000 last week. A separate report showed that the Philly Fed manufacturing index ticked down to 19.8 from 22.3 in September, but came in above expectations for a reading of 15.0.
The data points were enough to lift Australia’s S&P/ASX 200 by 0.70%. That index is found flirting with its highest levels in nearly five years. China is Australia’s largest export market.
Like Australia, New Zealand counts China as its largest export market, but the NZSE 50 inched down 0.03%.
In U.S. economic news out Thursday, the Labor Department said the number of individuals filing for initial jobless benefits last week declined by 15,000 to a seasonally adjusted 358,000 from a downwardly revised 373,000 in the preceding week.
South Korea’s Kospi rose 0.12% while Singapore’s Straits Times Index gained 0.17%. S&P 500 added 0.13% a day after the benchmark U.S. rose to a record high.
In Asian trading Friday, Japan’s Nikkei 225 fell 0.22% even as USD/JPY traded higher. With the economic data out from China Friday, Japan took a backseat to its regional rival on the day.
Hong Kong’s Hang Seng added 0.6% while the Shanghai Composite rose 0.43%. Earlier Friday, the National Bureau of Statistics of China said China’s third-quarter GDP rose 7.8% after rising 7.5% in the second quarter. Analysts expected the third-quarter increase of 7.8%.
In a separate report, the National Bureau of Statistics said Chinese industrial production rose 10.2% last month following a 10.4% August increase. Economists expected a September gain of 10.1%.
Chinese retail sales rose 13.3% in September after an August increase of 13.4%, but economists expected a September rise of 13.5%.
Another report showed Chinese fixed asset investment was up 20.2% last month after rising 20.3% in August. Analysts expected a September increase of 20.3%. China is the world’s second-largest economy and Australia’s biggest export market.
In U.S. economic news out Thursday, the Labor Department said the number of individuals filing for initial jobless benefits last week declined by 15,000 to a seasonally adjusted 358,000 from a downwardly revised 373,000 in the preceding week.
Analysts had expected U.S. jobless claims to decline to 335,000 last week. A separate report showed that the Philly Fed manufacturing index ticked down to 19.8 from 22.3 in September, but came in above expectations for a reading of 15.0.
The data points were enough to lift Australia’s S&P/ASX 200 by 0.70%. That index is found flirting with its highest levels in nearly five years. China is Australia’s largest export market.
Like Australia, New Zealand counts China as its largest export market, but the NZSE 50 inched down 0.03%.
In U.S. economic news out Thursday, the Labor Department said the number of individuals filing for initial jobless benefits last week declined by 15,000 to a seasonally adjusted 358,000 from a downwardly revised 373,000 in the preceding week.
South Korea’s Kospi rose 0.12% while Singapore’s Straits Times Index gained 0.17%. S&P 500 added 0.13% a day after the benchmark U.S. rose to a record high.