Start Asia Asia Stocks: Weak Retail Data Degrades China – Japan Slightly Positive

Asia Stocks: Weak Retail Data Degrades China – Japan Slightly Positive

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TOKYO / HONG KONG / SHANGHAI (dpa-AFX) – Mixed economic data from China weighed on the country’s stock markets midweek. While industry and investment surprised positively, the retail sector disappointed. In addition, oil prices remained under pressure.

The CSI 300 Index, with its 300 most important stocks on the Chinese mainland, has recently fallen more than 1 percent to 3201.75 points. In Hong Kong, the Hang Seng Index fell 0.64 percent to 25,627.83.

The stock exchanges of Japan made the jump into the profit zone shortly before the end of trading. The Japanese leading index Nikkei-225 closed 0.16 percent higher with 21 846.48 points. Once again Softbank’s shares stood out with a plus of more than four and a half percent positive. Investors are still looking at the IPO of the same-named mobile subsidiary of the technology group in mid-December. The transaction is considered one of the most important IPOs of the year.