Asian stocks eased after slightly weaker-than-expected to
in-line industrial production in China was only partially offset by
a jump in retail sales.
China's industrial production rose 10% in November, compared
with economists' median projection of 10.1% in a Bloomberg News
survey or matching a survey from the Wall Street Journal.
November retail sales jumped 13.7%, though, beating expectations
for 13.3% from a Reuters poll of economists.
Mild pressure also stemmed from ideas the Federal Reserve will
soon begin tapering its bond-buying program. Federal Reserve Bank
of St. Louis President James Bullard, a voter on policy this year,
said the odds of tapering bond purchases have risen along with
gains in the labor market, and any reduction should be modest to
account for low inflation.
The Federal Open Market Committee will probably begin cutting
stimulus at its Dec. 17-18 meeting, according to 34% of economists
surveyed Dec. 6 by Bloomberg, an increase from 17% in a Nov. 8
In ADR news, Hanwha SolarOne Co. Ltd. (
), manufacturer of photovoltaic modules in China, has supplied
modules for two projects with an aggregate capacity of 50 MW to
state-owned power company China Huaneng Group. The modules were
delivered to two separate utility-scale installations: an
approximately 30 MW in Qingtongxia, a city in the Ningxia Hui
Autonomous Region and a 20 MW project in Wuchuan, Inner Mongolia
The Nikkei ended down 0.25% at 15,611.31, the Hang Seng down
0.28% at 23,744.19 and Shanghai down 0.03% at 2,237.49.
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