Forex Marketz Daily Forex News – Fully Markets Update
Asian markets were mixed to lower Friday morning during Asian trade hours. Asian trader digested the latest Chinese economic growth numbers as the growth domestic product, for the third quarter, came in well below analyst expectations.
The Asian benchmark, in Japan, the Nikkei 225 was down a little over one percent this morning. The broader Topix, in Tokyo, also fell this morning. Shares lost 1.1 percent in morning trade hour.
Across the Korean Strait, in South Korea, the Kospi composite index lost about 0.2 percent this morning.
In Australia, the S&P ASX 200 pared some losses but was down 0.28 percent by mid-morning. Most sub-sectors were lower on the broader index.
Asian Traders Digest the Latest GDP Numbers out of China
After falling sharply in early trade, Chinese markets made some recovery after the third quarter gross domestic product (GDP) was released. The Chinese economy, the world’s second largest, missed expectations and grew at 6.6 percent for the quarter from July to September. That is the slowest pace of growth since the first quarter of 2009.
In Hong Kong, the Hang Seng index lost 0.18 percent. On the mainland, after a selloff during the previous session on Thursday, the Shanghai composite as well as the smaller Shenzhen composite were both trending lower. Yesterday the Shanghai composite hit its lowest level since 2014.
