China’s stocks rose, driving the Shanghai Composite Index (SHCOMP) to a four-week high, after factory output and retail sales data beat economist estimates.
The Shanghai Composite Index added 0.6 percent to 2,073.73 as of 10:32 a.m. local time, with trading volumes for this time of day exceeding the 30-day average by 92 percent, data compiled by Bloomberg show. Bank of Nanjing Co. advanced 3.2 percent after BNP Paribas SA increased its stake. Zoomlion Heavy Industry Science & Technology Co. climbed 1.2 percent, pacing gains among industrial shares.
Stocks rose even as customs data today showed exports expanded a lower-than-estimated 2.9 percent in November from a year earlier. Industrial production climbed 10.1 percent last month, while retail sales grew 14.9 percent, the statistics bureau said yesterday. Economists in a Bloomberg survey had a median estimate of 9.8 percent growth in industrial production and a 14.6 percent increase in retail sales.
via Bloomberg 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.