Asian stocks plummet as Chinese growth slowdown
Publish Date : 2019/11/14 - 05:49

Asian stocks plummeted on Thursday after Chinese economic data showed weakening growth due to a trade war between the US and China.

The MSCI index, which had shown good performance at the beginning of the trading session, entered the negative range and lost 0.4%.

Japan's Nikkei fell 0.6%.

China's Shanghai Index turned from the positive trend to flat.

The Australian S&P/ASX200 lost some of its profits.

China's industrial production growth in October slumped sharply to 4.7%, while forecasts were at 5.4%. Among China's economic data, retail sales and investment growth also failed to meet forecasts.

Source: Reuters

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