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Asian markets weak after China's unnoticed data: latest Asian markets



While China's Shanghai Composite Index ( SHCOMP ) opened in green, the index changed its gains after a government report and briefly rotated the 0.2%. It eliminated losses in the afternoon and rose slightly.

Retail sales in China grew 7.2% in October compared to a year earlier, below the 7.9% increase expected by analysts polled by Refinitiv. Industrial output, meanwhile, grew 4.7%, which is also weaker than expected.

"The forward pressure continues to rise in the economy," China's national statistics authority said in a statement accompanying the data.
Elsewhere in the region, the Hong Kong Hang Seng Index ( The HSI ) fell 0.8%. The index has fallen more than 4% so far this week as the city continues to move in violent chaos.
Cathay Pacific ( CPCAY ) dropped more than 1
.6% after the airline reported that incoming passenger numbers fell 35% year-on-year October, and it warned that its earnings in the second half of 2019 will be weaker than the first six months of the year.

More than five months of protests in the city have taken a toll on the travel industry, which airline operators have felt squeezed.

The stock was down 0.5%.

Tencent ( TCEHY ) declined 2.3% in Hong Kong after reports of social media and Chinese playing 13% drop in net profit for third quarter, below what analysts forecast in a Refinitiv poll.
Hangzhou Hikvision Digital Technology, the world's largest supplier of video monitoring products, declined 2.3% in Shenzhen stock exchanges. The company said on Thursday that two senior executives are being investigated by the country's top security regulations for alleged violations of disclosure policies. but then lost ground after the world's third-largest economy reported a weaker-than-expected growth rate for the third quarter. Finished 0.8%.
SoftBank & # 39; s Z Holdings, formerly Yahoo Japan, has given up 17% in Tokyo after numerous media reports said the company was in talks to join messaging app operator Line Corp [19659002] ( LN ) .
South Korea's Kospi Index ( KOSPI ) rose 0.2%.
US futures saw between small gains and losses during Asian trading hours on Thursday. Futures for Dow ( INDU ) S&P 500 ( SPX ) and Nasdaq ] ( COMP ) decreased between 0.1% and 0.2%.

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