Asian stocks start to be negative on Chinese investor prices

Dubai – Bassam Rashed – Asian stocks opened the session in red this week. With the apparent appeasement of US-Chinese trade speech in the middle of investor attention on industrial growth and production data, China's unemployment rates and Japanese markets are missing for holidays there Monday.

We followed the Chinese economy, second world economy and second industrialized country after the release by the United States of a seasonally adjusted GDP in the second quarter, posting a rapid growth rate of 1 , 8% against 1.4% in the first While the annual reading of the same index showed a slower pace of growth to 6.7% in line with expectations against 6.8%.

The June unemployment rate is stable at 4.8%, unchanged from last May, coinciding with the reading of last month's retail sales, which showed an acceleration of the growth rate to 9.0 % vs. 8.5% above expectations of 8.8%, while annual reading of industrial production slowed growth to 66.0% vs. 6.8%, less than expectations of 6.5% %.

Chinese stocks rose today to see the CSI 300 index yield 0.74%, losing 25.91 points to 3,466.78, while the Shanghai Composite fell 0.75 % to reduce from 21.09 points to 2,810.09.

The Hang Seng Hong Kong index lost 0.30% to 86.61 points to reach 28,438.83 points. While the South Korean Kospi index fell by 0.15% to decrease by 3.58 points and reach the level of 2,307.32.

The NZZ 50 index of New Zealand stocks fell 0.040% to 36.51 points to reach 8,987.68, while the Australian S & P / ASX 200 index lost 0, 35% to lose 21.89 points and reach the level of 6.246. 50.