Night view of the Lujiazui financial district in downtown Shanghai.
Yongyuan Dai | E+ | Getty Images
Asia-Pacific markets traded mixed Friday as investors parse a slew of economic data out of China.
China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year. The country’s fourth-quarter GDP beat expectations with a 5.4% growth.
China’s retail sales in December jumped 3.7% from a year earlier, exceeding Reuters’ forecast of 3.5%. Industrial output expanded 6.2% from a year earlier, versus expectations of 5.4%.
Hong Kong’s Hang Seng index traded 0.33% higher, and mainland China’s CSI 300 rose 0.44%. The offshore yuan strengthened 0.06% to 7.3419 against the greenback.
Japan’s Nikkei 225 ended the day down 0.31% at 38,451.46, while the Topix lost 0.33% to 2,679.42.
South Korea’s Kospi closed fell 0.16% to 2,523.55 while the Kosdaq edged up 0.06% to 724.69.
Australia’s S&P/ASX 200 dipped 0.2% to close at 8,310.4.
Overnight in the U.S., the major averages gave up gains from earlier in the day with the S&P 500 slipping to end a three-day winning streak as big tech shares pulled back.
The broad market index slid 0.21% to 5,937.34. The tech-heavy Nasdaq Composite dropped 0.89% to 19,338.29. The Dow Jones Industrial Average fell 68.42 points, or 0.16%, to 43,153.13.
—CNBC’s Hakyung Kim and Sarah Min contributed to this report.