Asia Markets: Asian markets mixed after decades-worst GDP growth by China [MarketWatch]
RAKUTEN GROUP INC S/ADR (RKUNY)
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Source: MarketWatch
Asian markets mixed after decades-worst GDP growth by China Asian markets were mixed in early trading Friday, as new data showed worse-than-expected economic growth in China. China’s economy expanded at a 6% rate year-over-year, official data showed, less than the median 6.1% forecast by economists polled by the Wall Street Journal, and the worst pace of growth since the first quarter of 1992. It was the second straight month of weaker year-on-year data. China expects annual GDP growth of 6% to 6.5% this year, down from last year’s 6.6% growth. Still, investors appeared relieved the numbers weren’t worse, considering the ongoing tariff war with the U.S. and signs of a global slowdown. “While the GDP is testing the lower bound of the official annual 6-6.5% target, today’s data suggests there is a very limited risk of breaching the lower bounds of that target this year,” Stephen Innes, Asia-Pacific market strategist for AxiTrader, wrote in a note. “While risk asset is not flashing all
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