Asian stocks set for best close since July after China’s economic data release

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​Most Asian stocks are climbing higher, despite China’s Q3 GDP coming in slightly below market expectations at 6 percent. China’s September industrial production growth far exceeded market expectations at 5.8 percent, while retail sales posted an on-year expansion of 7.8 percent, in line with market expectations.

China’s GDP figures should come as little surprise to investors, considering that we are in the midst of a slowing global economy. Markets appear to be placing the backward-looking economic indicators in their proper context, with investor focus primarily trained on future… Read More:

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