Forex Marketz Daily Forex News – Fully Markets Update
Asian markets were mixed to lower during Wednesday’s morning trade hours. Asian and regional traders were watching crude oil contracts which continued to retreat as well as economic data out of China on industrial output.
In Australia, the benchmark S&P ASX 200 was down over one percent by the after trade hours, Hong Kong time. This index was down 1.6 percent.
In South Korea, shares on the Kospi composite index lost nearly 0.3 percent.
The Asian benchmark in Japan, the Nikkei 225, was flat. The broader Topix index, in Tokyo gained about 0.17 percent after reversing earlier losses.
Asian Traders Digest Economic Data out of China
The markets in the Chinese sphere of influence were mixed Wednesday. The Hang Seng index in Hong Kong lost 0.13 percent by the afternoon.
On the mainland, the markets are being watched closes thanks to the trade war between the United States and China. The Shanghai composite was up a fraction. The smaller Shenzhen composite was down this morning after reversing early gains. At last glance the Shenzhen was up 0.336 percent.
Chinese economic data showed that for the month of October, industrial output was up 5.9 percent. This beat expectations. Fixed asset investment for the same month also beat expectations. They rose 5.7 percent higher compared to a year ago. Chinese October Retail sales were below expectations. This number was only up 8.6 percent annually.
