Fresh data to come out of China could help alleviate some of the concerns the world's second-largest economy's once bullish pace of growth is slowing down.
Industrial production, retail sales and fixed-asset investment all increased by more than anticipated last month compared to the same time a year earlier.
Factory activity was higher by 9.6 per cent, while retail sales rallied by 14.5 per cent – indicating domestic demand is proving resilient.
At the same time, inflation has dropped, giving policymakers in Beijing more room for manoeuvre in employing stimulus measures to support growth.
Beijing is desperately trying to offset the decline in export demand as a result of financial crises in key trading partners the US and Europe.
As the major Asia Pacific benchmarks near the end of the day's trading at 07:55 GMT today (November 9th), the Hong Kong Hang Seng was lower by almost one per cent to 21352.5 points.
Find the latest spread betting strategies for the international markets at City Index.
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.