China Market falls on mixed data

China share market declined on Wednesday, 14 November 2018, as risk sentiments weighed down by mixed bag of local economic data and ongoing U.S.-China trade war woes. Data released Wednesday showed China's industrial output and fixed-asset investment rose more than expected in the first 10 months of 2018, but retail sales were weaker than anticipated. Meanwhile, growth in China's real estate investment in October cooled to a 10-month low and home sales fell. In late afternoon trades, the Shanghai Composite index was down 22.95 points, or 0.86%, at 2,631.93. China's blue-chip CSI300 index fell 33.47 points, or 1.03%, at 3,203.91.

On economic news front, China industrial production was up 5.9% on year in October, the National Bureau of Statistics said on Wednesday, as compared to 5.8% in September. On a monthly basis, output in October grew 0.48% from September, the NBS figures showed. In the first 10 months of the year, industrial output rose 6.4%, flat with that for the first nine months.

 

The National Bureau of Statistics also said that retail sales climbed 8.6% on year as against a gain of 9.2% from the previous month.

China's fixed-asset investment rose 5.7% in the first 10 months of the year, accelerating from 5.4% for Jan.-Sept. period, data showed Wednesday.

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