Asia Slips Though China’s Economy Grows

Stocks in Asia-Pacific mostly slipped on Monday as investors reacted to the release of key Chinese economic data.

In Japan, the Nikkei 225 lost 43.17 points, or 0.2%, to 29,025.46.

The Japanese yen traded at 114.32 per U.S. dollar, having weakened late last week from below 114.1 against the greenback

Shares of oil companies also advanced on Monday, with Australia’s Beach Energy up 2.8% while Santos climbed 1.4%. In Japan, Inpex’s stock surged 4.9%. Hong Kong-listed shares of CNOOC also gained 1.3% in afternoon trade.

In Hong Kong, the Hang Seng gained 78.79 points, or 0.3%, to 25,409.75.

The Australian dollar changed hands at $0.74, largely holding on to gains after last week’s climb from below $0.732.

CHINA

In China, the CSI 300 docked 57.33 points, or 1.2%, to 4,874.78.

China’s gross domestic product grew 4.9% in the third quarter, official data showed Monday. That was below expectations of analysts in a Reuters poll for a 5.2% expansion. Industrial production also missed forecasts, rising 3.1% in September, against expectations in a Reuters poll for a 4.5% increase.

In other markets

In Taiwan, the Taiex soared 393.91 points, or 2.4%, to 16,781.19.

In Korea, the Kospi index subtracted 8.38 points, or 0.3%, to 3,006.68

In Singapore, the Straits Times let go of 0.09 points to 3,173.82

In New Zealand, the NZX 50 fell 13.68 points, or 0.1%, to 12,998.51

In Australia, the ASX 200 added 19.09 points, or 0.3%, at 7,381.07