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Stocks Trade Mixed After China Data; Pound Drops: Markets Wrap
Shares fluctuated in Hong Kong and Japan, and declined in China after its retail sales data was in line with expectations and industrial production data slightly below. In China, traders were mulling the soft reading on industrial output as they searched for clues on how the economy’s reacting to stimulus. “This is maybe a reminder to everyone not to expect the macro data to have turned completely to the upside yet,” Helen Qiao, chief greater China economist at Bank of America Merrill Lynch, told Bloomberg TV in Hong Kong.
https://finance.yahoo.com/news/asia-stocks-rise-u-gains-214031218.html?.tsrc=rss
Shares fluctuated in Hong Kong and Japan, and declined in China after its retail sales data was in line with expectations and industrial production data slightly below. In China, traders were mulling the soft reading on industrial output as they searched for clues on how the economy’s reacting to stimulus. “This is maybe a reminder to everyone not to expect the macro data to have turned completely to the upside yet,” Helen Qiao, chief greater China economist at Bank of America Merrill Lynch, told Bloomberg TV in Hong Kong.
https://finance.yahoo.com/news/asia-stocks-rise-u-gains-214031218.html?.tsrc=rss
