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The losses dominated the session on Monday Asian stock markets after China's data showed that the world's second largest economy slowed in the second quarter, while
that geopolitical tensions weighed on investor sentiment despite gains on Wall Street last week and with the Tokyo Stock Exchange closed for holidays.
China's economic growth slowed in the second quarter, 6.7%, less than the 6.8% of the previous quarter, to which were added the challenges for Beijing in the context of a growing tariff battle with Washington that threatens to affect exports.
The Chinese economy has experienced a slower expansion in the second quarter, Beijing's efforts to stem unbridled debt weighed on activity, while industrial production weakened in June to reach its lowest level in two years. fears of the trade war with the United States.
The CSI300 index of preferred shares on the Shanghai Stock Exchange ended the session with a decline of 0.6% to 3 thousand 472.09 points. Meanwhile, the Shanghai Composite Index lost 0.6 percent to 2 thousand 814.04 points.
The real estate and banking sectors led the losses, with respectively 2.3% and 2.1%.
In Seoul, the Kospi index fell 0.39% to end at 2 thousand 301.99 units, while the Singapore Straits Times lost 0.68% to settle in 3 thousand 238.30 units
. The Hong Kong stock market, the Hang Seng benchmark closed with a marginal rise of 0.05% to 28,539.66 points.
In the geopolitical and trade environment, the President of the European Council, Donald Tusk, during a visit to Beijing, he urged President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and avoid conflict and chaos.
In the currency market, the dollar index, which measures the greenback versus a basket of major currencies, has softened to trade at 94,644 units. In Hong Kong, the dollar against the yen was trading at 112.36.
With information from Reuters and Notimex.
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