China stocks tread water as weak data boosts case for stimulus; Hong Kong down [Reuters]
CHINA TELECOM (CHA)
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Source: Reuters
China stocks tread water as weak data boosts case for stimulus; Hong Kong down * SSEC and CSI300 +0.07%, HSI -0.92% * China industrial production growth misses forecasts * Protests paralyse Hong Kong for fourth straight weekday * Tencent profit drop weighs on HSI; Alibaba launches HK share sale SHANGHAI, Nov 14 (Reuters) - Chinese equities wavered between small gains and losses on Thursday after data showed a sharper slowdown in industrial activity in October, adding to the case for Beijing to roll out new measures to support economic growth. ** China’s industrial production rose 4.7% year-on-year in October, significantly slower than expected on weakness in global and domestic demand, and as a drawn-out trade war with the United States weighed on activity. ** China’s benchmark Shanghai Composite index turned lower just after the data was released, and spent the rest of the session in and out of negative territory. At the midday break, it stood 0.07% firmer at 2,907.23 points. ** Chin
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