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Asian markets weak after data on China disappoints: latest Asian market



While the Shanghai Composite Index Shanghai ( SHCOMP ) opened in green, the index turned its profits after the government report and fell 0.2% in a short time. He recovered his losses in the afternoon and rose slightly.

Retail sales in China grew 7.2% in October compared to a year ago, below the 7.9% increase expected by analysts polled by Refinitive. Meanwhile, industrial production grew by 4.7%, which was also lower than expected.

"Pressure is continuing to mount on the economy," the Chinese national statistical authority said in a statement accompanying the data.
Elsewhere in the region, Hong Kong's Hang Seng Index () HSI ) fell 0.8%. The index has fallen more than 4% so far this week as the city continues to fight violent unrest. Cathay Pacific ( CPCAY ) declined 1
.6% after the airline said the number of inbound passengers dropped 35% year-on-year in October and warned revenue it will be significantly weaker in the second half of 2019 than the first six months of the year.

More than five months of protests in the city took a toll on the tourism industry, with airline operators feeling the pinch.

The stock recently decreased by 0.5%.

Tencent ( TCEHY ) declined 2.3% in Hong Kong after the Chinese social media and gaming giant reported 13 third quarter net profit declines, below the forecast for the third quarter the analysts in the Refinitiv poll.
Hangzhou Hikvision Digital Technology, the largest provider of CCTV products in the world, reported 2.3% of the stock exchange in Shenzhen. The company said Thursday that two senior executives have been investigated by the nation's top securities regulator for alleged breaches of disclosure rules.
Japan's Nikkei 225 ( N225 ) was found higher but then lost ground after the world's third largest economy reported weaker than the expected growth rate for the third quarter. This ended with 0.8%.
SoftBank's Z Holdings, formerly Yahoo Japan, jumped 17% in Tokyo after multiple media reports said the company was negotiating a merger with messaging app operator Line Corp ( LN ) .
Kospi Index of South Korea Kospi Index ( KOSPI ) increased by 0.2%.
US futures were seen between small gains and losses during Asian trading hours on Thursday. Futures for Dow ( INDU ) S&P 500 ( SPX ) and Nasdaq [19459017] (19459017] (19459017) COMP ) decreased between 0.1% and 0.2%.

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