Asia mixed as AI worries linger; China grows a faster-than-expected 4.5%
The Nikkei closed down 0.6% while Seoul rose; Hong Kong was shut for a holiday.
Asian trading was mixed Monday after Friday's tech-led selloff on Wall Street, per AFP. Tokyo's Nikkei 225 closed down 0.6% at 64,916.70, while Seoul's Kospi ended up 1.75% at 5,767.03, per PANews and TokenPost. Shanghai's Composite pared early losses to trade slightly higher after China's data, per Investing.com. Hong Kong was closed for a holiday.
China's economy grew 4.5% in the third quarter from a year earlier, slightly above the 4.4% economists expected, per XTB; an AFP survey also pointed to a small beat. Retail sales rose 1.1%, comfortably above forecasts, and industrial output rose 5.5%, per Investing.com.
Korean chipmakers recovered into the close: Samsung Electronics ended up 1.2% and SK Hynix up 0.4%, per PANews and TokenPost. In Jakarta, stocks slid more than 5%, adding to last week's plunge after MSCI warned it could drop Indonesia from its emerging-market class - see Friday's Indonesia story. Debt worries around CoreWeave are still hanging over AI names (our CoreWeave story).
