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Asian markets weak after China data fails: Asian market is the latest



While China's Shanghai Composite Index ( SHCOMP ) opened in the green, the index reversed gains according to the government's report and was down below 0.1%.

Retail sales in China increased by 7.2% in October compared to the previous year, below the 7.9% increase expected by analysts polled by Refinitive. Industrial production, meanwhile, grew 4.7%, which was also weaker than expected.

"The downward pressure has continued to increase the economy," said China's national statistical authority in a statement accompanying the data.
Elsewhere in the region, Hong Kong's Hang Seng Index ( HSI ) fell 1
%. The index has fallen more than 4% so far this week as the city continued to seize with violent unrest.
Tencent ( TCEHY ) went down 2.3% in Hong Kong after the Chinese social media and gaming giant reported a 13% drop in net profits for the third quarter, below what analysts predicted in a refinitive poll.
Hangzhou Hikvision Digital Technology, the world's largest video surveillance provider, dropped 3.5% on the Shenzhen Stock Exchange. The company said on Thursday that two top executives were being investigated by the country's top securities regulator over alleged breaches of information rules.
Japan's Nikkei 225 ( N225 ) opened higher, but then lost 0.3% in morning trading after the world's third-largest economy reported weaker-than-expected growth third quarter.
SoftBanks Z Holdings, formerly Yahoo Japan, rose 16% in Tokyo after several media reports said the company is in talks to merge with the messaging app operator Line Corp ( LN ) .
South Korea's Kospi index ( KOSPI ) increased 0.2%.
US futures cut between small gains and losses during Asian trading hours on Thursday. Futures for Dow ( INDU ) S&P 500 ( SPX ) and Nasdaq [19659002] ( COMP ) was mixed.

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