Beijing Central Business District, a mix of offices and apartments
ispyfriend | E+ | getty images
Asia-Pacific markets were in the green on Monday as investors analyzed the latest economic data from China.
China’s GDP grew 4.8% in the July to September period from a year earlier, in line with expectations of analysts polled by Reuters.
The Asian giant also kept its benchmark lending rates unchanged in line with expectations, keeping the one-year lending prime rate at 3%. from hong kong Hang Seng Index was up more than 2.52%, while the mainland’s CSI 300 rose 0.53% to 4,538.22.
from japan Nikkei 225 Topix jumped 3.37% to close at a new record high of 49,185.5 after the country’s Liberal Democratic Party and the Japan Restoration Party reached an agreement effectively forming a coalition government, while Topix ended the trading day 2.46% higher at 3,248.45. NHK gave this information quoting sources,
South Korea’s Kospi closed 1.76% higher at 3,814.69 after hitting a record high for the third straight day last Friday, while the small-cap Kosdaq rose 1.89% to end the trading day at 875.77.
Australian S&P/ASX 200 It closed 0.41% higher at 9,031.9.
The three major averages in the US closed higher last Friday.
The Dow Jones Industrial Average rose on Friday as traders digested the US’s dovish stance on trade talks with China and tried to shake off credit concerns that led to a big selloff in regional banks on Thursday.
dow It ended 238.37 points or 0.52% higher at 46,190.61. S&P 500 closed 0.53% higher at 6,664.01, while nasdaq composite Ended 0.52% higher at 22,679.98.
— CNBC’s Liz Napolitano and Piya Singh contributed to this report.
