Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Asian markets lackluster after softer China data

By: YOUKYUNG LEE, Associated Press
September 13, 2017 Updated: September 13, 2017 at 10:48 pm
0

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.

Register to the Colorado Springs Gazette
Incognito Mode Your browser is in Incognito mode

You vanished!

We welcome you to read all of our stories by signing into your account. If you don't have a subscription, please subscribe today for daily award winning journalism.

Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Wake up with today's top stories in your inbox

Wake up with today's top stories in your inbox

Already a print subscriber?
Already a digital subscriber?
 
This is your last FREE article for the month
This is your last FREE article for the month

Subscribe now and enjoy Unlimited Digital Access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?

 
You have reached your article limit for the month
You have reached your article limit for the month

We hope that you've enjoyed your complimentary access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?

 
articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.