SINGAPORE — Shares in Asia-Pacific were mixed in Thursday morning trade as China reported its second-quarter gross domestic product (GDP) jumped.
Mainland Chinese stocks were mixed in morning trade, the Shanghai composite was largely flat while the Shenzhen component fell 0.517%. Hong Kong’s Hang Seng index gained 0.71%.
China’s GDP rose 7.9% year-on-year in the second quarter, official data showed Thursday. That was lower than expectations by economists in a Reuters poll for a 8.1% rise.
Meanwhile, retail sales in June jumped 12.1% from a year earlier, data from the National Bureau of Statistics showed — above analyst expectations for a 11% increase, according to Reuters.
Chinese industrial output rose 8.3% year-on-year in June, against expectations by analysts in a Reuters poll for a 7.8% increase.
In Japan, the Nikkei 225 slipped 0.87% in morning trade while the Topix index shed 0.81%. South Korea’s Kospi advanced 0.23%.
Meanwhile, the S&P/ASX 200 in Australia hovered above the flatline. Australia’s seasonally adjusted unemployment rate fell to 4.9% in June, the country’s Bureau of Statistics announced Thursday. That was less than an expected 5.0% in a Reuters poll, and was also a drop from the 5.1% jobless rate in May.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.4% higher.
Oil prices slip
Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures slipping 0.8% to $74.16 per barrel. U.S. crude futures declined 0.86% to $72.50 per barrel.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.46 after a recent fall from above 92.7.
The Japanese yen traded at 109.93 per dollar, stronger than levels above 110.4 seen against the greenback earlier in the week. The Australian dollar changed hands at $0.7464 following its bounce yesterday from around $0.744.