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7/15, 4:50 AM (Source: TeleTrader)
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Asian markets trade mixed after China data

Asian stock indexes traded mixed on Thursday after China's economic data releases for June. The country's GDP increased 7.9% in the second quarter compared to the second fiscal period of 2020, or 1.3% from the first quarter of 2021. Meanwhile, industrial production was up 8.3% on a yearly basis, while retail sales grew by 12.1%. Over in the United States, Federal Reserve Chair Jerome Powell acknowledged inflation has been higher than expected, although it remained within the scope of the Fed's expectations.

The Nikkei 225 dropped 1.02% at 4:46 am CET. The S&P/ASX 200 was down just 0.06% at the same time, while Hang Seng gained 0.96%. The Kospi Composite increased by 0.17% at 4:27 am CET.

In mainland China, the Shanghai Composite lost 0.09% at 4:46 am CET, and the Shenzhen Composite fell by 0.64% at the same time.

The dollar traded 0.10% lower compared to the yen and sold for 109.8585 at 4:48 am CET.

Breaking the News / DJ