Asia-Pacific Markets React to China's Economic Data

Markets across the Asia-Pacific region displayed a mixed performance this Tuesday, in the wake of China's latest economic indicators. The highlight was China's second-quarter GDP growth, which exceeded expectations by climbing 5.2%. However, not all data was as positive, with retail sales in June falling short of forecasts at a 4.8% increase, while industrial production saw a healthier rise of 6.8%.

Market Movements Across the Region

Japan's Nikkei 225 saw a modest increase of 0.12% by 4:30 am CET. Similarly, Australia's S&P/ASX 200 enjoyed a 0.41% gain shortly after. Contrastingly, South Korea's Kospi Composite dipped by 0.24%. Hong Kong's Hang Seng index rose by 0.74%, whereas the mainland's Shanghai Composite and Shenzhen Composite experienced declines of 0.41% and 0.28%, respectively.

Currency Watch

In currency markets, the dollar remained stable against the yen, trading at ¥147.6900 at 4:36 am CET.