Central business district skyline view at sunset in Beijing, China.
Sheng Peng | Visual China Group | Getty Images
Asia-Pacific markets were mostly lower on Monday as investors awaited China’s third plenum and assessed an assassination attempt on former U.S. President Donald Trump at a weekend rally.
David Roach, president of Quantum Strategies, said in a report on Sunday that Trump will win the presidency and the likelihood of a Republican sweep of the House and Senate increases.
Separately, China’s top leaders will convene the much-anticipated Third Plenary Session of the Central Committee of the Communist Party of China this week, which analysts expect will focus on areas such as high local government debt levels and a push for advanced manufacturing rather than China’s real estate sector.
on Monday, Announced by the National Bureau of Statistics of China The economy grew 4.7% in the second quarter, lower than the 5.1% expansion expected in a Reuters survey and lower than the 5.3% growth in the first quarter.
China’s retail sales in June were also lower than expected, with an annual increase of 2%. Economists polled by Reuters expected a 3.3% increase. Sales grew 3.7% in May.
Hong Kong’s Hang Seng Index After the economic data was released, the CSI 300 Index fell 0.4%, while the CSI 300 Index rose 0.16%.
Japanese markets were closed for a public holiday.
Korean Cospi The Kosdaq fell 0.11%, with the small-cap Kosdaq down 0.24%.
Australia’s S&P/ASX 200 index rose for the third consecutive day, rising 0.79% to hit a record high. The index is the only major Asian benchmark to be in positive territory.
U.S. market futures were slightly higher on Sunday night, with Dow Jones Industrial Average futures up 0.11%, while the S&P 500 and Nasdaq were up about 0.1%.
—CNBC’s Li Yun contributed to this report.
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