Hong Kong (CNN Business)Asian stocks were mixed Thursday after China reported economic data that was weaker than expected.
While China’s Shanghai Composite Index (SHCOMP) opened in the green, the index reversed its gains after the government’s report and briefly dipped 0.2%. It clawed back the losses in the afternoon and rose slightly.
Retail sales in China grew 7.2% in October compared to a year prior, below the 7.9% increase expected by analysts polled by Refinitiv. Industrial output, meanwhile, grew 4.7%, which was also weaker than anticipated.
