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.
Via CNBC
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.