Asian Stocks Down Over Latest, Disappointing Chinese Economic Data


Key Topics in this News Article:

News Snapshot:

By Gina Lee – Asia Pacific stocks were down on Wednesday morning as investors digested weaker-than-expected Chinese data . They also await the impact of lower-than-expected U.S. inflation figures on the U.S. Federal Reserve’s timeline to begin asset tapering. China’s Shanghai Composite slid 1.42% by 10:18 PM ET (2:18 AM GMT) and the Shenzhen Component fell 0.73%. The country released its latest economic data earlier in the day that showed industrial production grew a lower-than-expected 5.3% year-on-year, while fixed-asset investment grew 8.9% year-on-year, in August. Retail sales grew 2.5% year on year. Hong Kong’s Hang Seng Index fell 0.79%....