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Business

China economic data, Japan GDP, income, politics




The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, Monday, November 30, 2020.

Toru Hanai | Bloomberg via Getty Images

Asia-Pacific shares were mostly higher on Monday ahead of economic data from China.

The S&P/ASX 200 rose 0.43% in Australia.

Japan̵[ads1]7;s Nikkei 225 rose 0.98% while the Topix index gained 0.51% after the country reported a rise in GDP.

Markets in Mainland China rose. The Shanghai Composite rose 0.15% and the Shenzhen Composite rose 0.37%.

Hong Kong’s Hang Seng index was 0.1% lower.

Investors are also awaiting economic data from China, including on industrial production and retail sales.

China’s industrial output is likely to have grown 4.6% in July from a year ago, according to a Reuters poll. This figure was 3.9 per cent in June.

Retail sales likely rose 5% in July compared to the same period in 2021, compared with a 4% increase in June.

India and South Korea markets are closed due to a public holiday on Monday.



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