China stocks end down on soft economy data

China stocks ended down on Monday, after data showed the country’s economy expanded at a slower pace in the second quarter, while a trade war with the United States threatened to hit exports.

The blue-chip CSI300 index fell 0.6 percent, to 3,472.09 points, while the Shanghai Composite Index closed down 0.6 percent at 2,814.04 points.

Banking and real estate firms led the decline, with indexes tracking those firms down 2.1 percent and 2.3 percent, respectively.

China’s economy expanded at a slower pace in the second quarter as Beijing’s efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States intensified.

So far this year, the Shanghai stock index is down 14.9 percent, the CSI300 has fallen 13.9 percent while China’s H-share index listed in Hong Kong is down 8.9 percent. Shanghai stocks have declined 1.18 percent this month.

Source: Reuters

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Asian shares fall as China data points to slowing growth

Asian shares were lower on Monday after data from China showed the world’s second-largest economy slowed slightly in the second quarter, and as investors remain cautious over the impact of the heated Sino-U.S. trade war.

Official data released Monday showed China’s economy grew 6.7 percent in the second quarter of 2018, in line with market expectations, and cooling a bit from the 6.8 percent growth registered in each of the previous three quarters.

More worryingly perhaps, the data also showed slower-than-expected growth in China’s industrial output.

Taken together, the data point to an economy continuing to slow under the influence of a multi-year crackdown on excessive financial risk, even as trade war headwinds gather.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.4 percent.

Australian shares were down 0.4 percent, and Seoul’s Kospi lost less than 0.1 percent.

Japan’s markets are closed for a holiday.

Source: Reuters

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U.S. Stocks Set For Rebound Ahead of Inflation Data

U.S. stocks looked set to resume their recent push higher on Thursday, with equity futures rising amid signs the U.S. and China are open to discussing their trade dispute in high-level negotiations, potentially heading off a global trade war.

Traders were also looking ahead to inflation data, which could help steer the Federal Reserve’s interest-rate policies.

Futures for the Dow Jones Industrial Average rose 103 points, or 0.4%, to 24,794, while those for the S&P 500 index gained 9.40 points, or 0.3%, to 2,783.50. Futures for the Nasdaq-100 index rose 26.75, 0.4%, to 7,279.75.

The premarket gains come after a selloff on Wednesday, when U.S. stocks snapped a four-session winning streak as the Trump administration announced plans to impose another round of tariffs on Chinese goods. The Dow ended 0.9% lower, while the S&P fell 0.7% and the Nasdaq Composite Index shed 0.6%.

Source : Market Watch

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