SINGAPORE — Shares in Asia-Pacific were largely lower on Wednesday, as investors reacted to the release of Chinese economic data.
Hong Kong's Hang Seng index dropped 1.84% to close at 25,033.21 — falling more than 1% for the third straight session.
Casino stocks listed in the city plunged amid fears over tighter regulations as Macao kicked off a public gaming consultation. Shares of Wynn Macau plummeted 29%, while Sands China plunged more than 32%. Galaxy Entertainment Group dropped around 20%.
Data released Wednesday showed China's retail sales growing at a much lower pace than expected in August. The retail sales print for the month grew 2.5%, against a 7% growth forecast by analysts polled by Reuters.
Industrial production growth also came in below expectations, rising 5.3% in August against predictions of 5.8% growth.
Source : https://www.cnbc.com/2021/09/15/asia-markets-chinas-retail-sales-industrial-production-data-ahead.html216