Asian stocks, Oil retreat on China data; gold gains
Bareksa • 20 Jan 2014
A man walks on an overpass in the Luohu district of Shenzhen, China ((BLOOMBERG/Brent Lewin)
Investors’ sentiment is cautious only toward China, while they are bullish on the U.S. and European economies
Bloomberg - Asian stocks snapped a three-day gain and oil retreated as China reported slowing economic growth amid easing industrial production and asset spending. Gold extended its advance and natural gas futures slipped.
The MSCI Asia Pacific Index lost 0.2 percent by 12:06 p.m. in Tokyo as a gauge of Chinese shares in Hong Kong fell 0.7 percent, paring an earlier drop of 1.4 percent. Oil in New York lost 0.6 percent from a two-week high as gas declined a second day and gold touched a 5 1/2-week high.