Asian Stocks Rise After China’s GDP Beats Expectations

Asian shares outside Japan turned positive on Monday, after China’s third-quarter gross domestic product (GDP) beat market expectations.

The world’s second-biggest economy expanded 6.9 percent on-year in the July-September quarter, official data showed on Monday, compared with the prediction of 6.8 percent by Reuters.

Meanwhile, industrial production rose 5.7 percent on-year last month, a tad weaker than Reuters’ expectations for a rise of 6.0 percent and August’s 6.1 percent gain.

Annual retail sales growth came in at 10.9 percent in September, slightly above the prediction of 10.8 percent. Fixed-asset investment (FAI) – seen as a crucial driver of China’s economy – slipped to 10.3 percent in the first nine months of 2015, from 10.9 percent in January.


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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza