Asian stocks entered the new trading week mixed. China grew, Hong Kong weakened

stocks, Asia

While the hong kong stock exchange’s main index headed down on Monday, Indian stocks rose within sight of their three-month high. The Shanghai Stock Exchange rode a wave of optimism triggered by data on the development of the Chinese economy over the past year.

Stocks in Mumbai are close to their three-month high. The main index of the Bombay stock exchange, NSE Nifty 50, firmed by 0.29 percent. Investors focused mainly on titles from the automotive industry, this segment strengthened by more than two percent. The driving force was hero Motocorp shares, which added more than five percent.

Shares rose even stronger on the Shanghai Stock Exchange. The country’s aggregate index firmed by 0.58 percent. Stocks did well mainly as a result of the publication of current data on the development of the Chinese economy over the past year. China’s gross domestic product grew by 8.1 percent, the best result since 2011. However, experts warn that in the last quarter there were risks that indicate a slowdown in the growth of the Chinese economy.

Stocks in Tokyo also rose on Monday, with the country’s Nikkei index firming 0.74 percent. In the opposite direction, the Hang Seng index of the Hong Kong Stock Exchange fell by 0.68 percent.


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