China's Debt_ Asian Stocks Fluctuate as Traders Weigh China GDP; Yen Weakens

BloombergBusiness

Asian Stocks Fluctuate as Traders Weigh China GDP; Yen Weakens

Emma O'Brien
ek_obrien
Kyoungwha Kim

January 19, 2016 — 9:50 AM AEDT
Updated on January 19, 2016 — 1:25 PM AEDT

* Fourth-quarter growth in China trails economist estimates
* Oil near a 12-year low as Iran orders production boost

Asian equities fluctuated near a three-year low as traders weighed weaker-than-expected Chinese economic data against prospects for increased stimulus. The yen declined, while oil traded near a 12-year low.

The MSCI Asia Pacific Index slipped 0.1 percent at 10:20 a.m. in Hong Kong. The yuan fell 0.1 percent in offshore trading, while Japan’s currency dropped 0.3 percent. Oil traded around $29 a barrel in New York as Iran issued an order to boost production in an already oversupplied market.



China’s slowdown has soured sentiment toward Asian equities since last year’s August rout.

READ MORE: http://www.bloomberg.com/news/articles/2016-01-18/asian-stocks-set-for-more-losses-as-traders-brace-for-china-data

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