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Share Name | Share Symbol | Market | Type |
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H Source Holdings Ltd | TSXV:HSI | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.10 | 0.12 | 0.15 | 0 | 01:00:00 |
By Sue Chang, MarketWatch
China's second-quarter GDP grew 6.7% year-on-year
Stocks in Asia fell Monday following Chinese economic data which suggested that the world's second largest economy may be losing steam.
China's economy expanded 6.7% year-on-year in the second quarter, slowing from 6.8% in the previous quarter, Dow Jones Newswires reported. The figure was in line with expectations but the slower number comes at a time when Beijing is gearing up for a trade fight with the U.S.
Industrial output grew 6% in June, noticeably slowing from 6.8% pace in May.
"Growth in industry slowed further in June, underscoring the downward pressures on growth going into second half," said Louis Kuijs, head of Asia economics at Oxford Economics, in a note. "We expect growth in second half to be challenged by the slow credit growth and softer real estate activity. Also, the intensifying trade conflict with the U.S. will start to weigh on growth."
The Shanghai Composite slid 0.5%, while Hong Kong's Hang Seng (HSI.V) was fractionally lower after erasing most of earlier losses.
Korea's Kospi shed 0.2% and Australia's benchmark dropped 0.3%. Taiwan's Taiex was flat and Japan's markets were closed due to a national holiday.
(END) Dow Jones Newswires
July 15, 2018 23:57 ET (03:57 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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