Skip to Content

Asian shares slide as Chinese growth data disappoints

KIFI

By ELAINE KURTENBACH
AP Business Writer

Asian shares are mostly lower after China reported its economy grew at a meager 4.9% annual pace in July-September. Benchmarks declined in Shanghai, Hong Kong and Tokyo but rose in Sydney and Seoul. On Friday, Wall Street added to its recent gains, with the benchmark S&P 500 posting its best week since July. It rose 0.7%, while the Dow Jones Industrial Average jumped 1.1% and the Nasdaq composite gained 0.5%. Positive company earnings dovetailed with a report showing people spent much more at U.S. retailers in September than analysts had expected. Sales at stores, restaurants and other retail establishments rose 0.7% from August instead of falling, as economists had forecast.  

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content