Asia stocks muted as China data disappoints | Reuters

Reuters| Mon Nov 13 19:03:11 EST 2017
SYDNEY (Reuters) - Asian stocks faltered on Tuesday as Chinese economic data disappointed and investors pondered whether a marked flattening in the U.S. yield curve might ultimately be a harbinger of a slowdown there. China’s retail sales rose 10 percent on the year in October, while industrial output grew 6.2 percent. Both came in under market forecasts and nudged down the Australian dollar, which is often used as a liquid proxy for China wagers. The immediate damage was limited in stocks with the blue-chip CSI300 index .CSI300 off 0.4 percent and EMini futures for the S&P 500 ESc1 down 0.1 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.1 perc..

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