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Asian markets weak after China has disappointed data: Asian market last



While China's Shanghai Composite Index ( SHCOMP ) opened in the green zone, the index reversed its gains after the government's report and briefly fell 0.2%. It has made up for the losses in the afternoon and has risen slightly.

Retail sales in China rose 7.2% yoy in October, down from the 7.9% expected by analysts surveyed by Refinitiv. By contrast, industrial production grew by 4.7%, which was also weaker than expected.

"The downward pressure on the economy has continued to increase," the Chinese Bureau of Statistics said in a statement attached to the data.
Elsewhere in the region, Hong Kong's Hang Seng Index ( HSI ) fell 0.8%. The index fell more than 4% this week as the city continued to struggle with violent riots. Cathay Pacific (1
9459006) CPCAY (19459005) fell 1.6% after the turn of the year The airline announced that the number of passengers arriving in October had dropped 35% year-on-year and warned that the result would be in the second Half of 2019 will be significantly weaker than in the first six months of the year.

More than five months of protests in the city have affected the travel industry.

The stock recently lost 0.5%.

Tencent ( TCEHY ) dropped 2.3% in Hong Kong after the Chinese social media and gaming giant reported a 13% decline in net profit in the third Quarter% below the forecasts of a refinance survey.
Hangzhou Hikvision Digital Technology, the world's largest provider of video surveillance products, slipped 2.3% on the Shenzhen Stock Exchange. The company announced Thursday that two senior executives have been investigated by the country's top securities regulator for alleged breaches of disclosure rules.
Japan Nikkei 225 [194559002] N225 ) However, it then lost ground after the third-largest economy in the world recorded weaker-than-expected growth for the third quarter. It ended up 0.8%.
Z Holdings of SoftBank, formerly Yahoo Japan, rose 17% in Tokyo after several media reports announcing that the company will hold talks with the messaging apps operator Line Corp ( LN ) .
South Korea's Kospi Index ( KOSPI ) rose 0.2% on Thursday. Futures for the Dow (19459004) and Nasdaq (19459004)] ( COMP ) fell between 0.1% and 0.2%.

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