Asian markets lackluster after softer China dataSeptember 14, 2017 3:48am

SEOUL, South Korea (AP) — Asian stocks were little changed on Thursday after data showed retail sales and industrial output growth slowed in China.

KEEPING SCORE: Japan's Nikkei 225 was up less than 0.1 percent to 19,873.62 and South Korea's Kospi added 0.1 percent to 2,361.31. China's Shanghai Composite Index lost less than 0.1 percent to 3,382.00 while Hong Kong's Hang Seng index fell 0.3 percent to 27,816.83. Australia's S&P/ASX 200 was down 0.3 percent to 5,730.10. Stocks in Southeast Asia were mixed.

CHINA: China's National Bureau of Statistics said the world's second-largest economy saw 6 percent annual growth in its industrial output in August, slower than 6.4 percent growth in July, according to Xinhua News Agency. Retail sales expanded 10.1 percent on year in August, compared with 10.4 percent in July, it said. The data suggested that China's economy continued to cool.

DATA WATCH: Investors are also waiting for the latest updates on the U.S. economy before the Federal Reserve meeting due next week. The U.S. Labor Department is scheduled to release reports on consumer price for August and the number of people who applied for unemployment benefit last week.

WALL STREET: U.S. stock indexes finished with tiny gains Wednesday. The Standard & Poor's 500 index added 0.1 percent to 2,498.37. The Dow Jones industrial average picked up 0.2 percent to 22,158.18. The Nasdaq composite rose 0.1 percent to 6,460.19. The Russell 2000 index of smaller-company stocks gained 0.2 percent to 1,426.89.

OIL: Benchmark U.S. crude lost 7 cents to $49.23 per barrel in New York. The contract rose $1.07, or 2.2 percent, to close at $49.30 a barrel on Wednesday. Brent crude, used to price international oils, fell 15 cents to $55.01 per barrel in London. It added 89 cents, or 1.6 percent, to finish at $55.16 a barrel in the previous session.

CURRENCIES: The dollar fell to 110.47 yen from 110.49 yen. The euro fell to $1.1879 from $1.1884.

Page 1 of 1

More Stories Like This

The rate decision of the Federal Reserve appears on a television screen, on the floor of the New York Stack Exchange, Wednesday, Sept. 20, 2017. The Federal Reserve says it will start in October to gradually unwind its $4.5 trillion balance sheet, which expanded to unprecedented levels in efforts to spur economic growth after the 2008 financial crisis. (AP Photo/Richard Drew)
Asian shares weaken, dollar up after Fed's latest statement
A man is reflected in a glass as an electronic stock board shows the Hang Seng Index at a bank in Hong Kong, Friday, Sept. 22, 2017. Most Asian stock markets fell Friday as investors turned cautious following new U.S. sanctions targeting North Korea and a China credit rating downgrade. (AP Photo/Kin Cheung)
Asian shares fall on North Korea concerns, China rate cut
A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, April 21, 2017. Asian shares were mostly lower and the dollar strengthened Thursday after the Fed said it would start trimming its bond holdings and planned one more interest rate increase this year. (AP Photo/Vincent Yu)
World shares mixed as markets mull latest Fed statement
Business HighlightsBusiness Highlights
A currency trader puts his hands on his head at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Sept. 20, 2017. Asian stock markets were little changed on Wednesday as investors took to the sidelines ahead of the Federal Reserve's announcement of the result of its meeting. (AP Photo/Lee Jin-man)
Global stocks flat as investors await Fed meeting outcome
Markets Right Now: Stocks wobble after Fed, but close higherStocks overcame an afternoon wobble to close mostly higher after the Federal Reserve said it would start reducing its huge bond portfolio next month and was still on track to raise interest rates later this year.
This component is currently unavailable.
AdChoices

Related Searches

Related Searches

AdChoices