Hong Kong (CNN Business)Asian stocks were mixed Thursday after China reported economic data that was weaker than expected.
Retail sales in China grew 7.2% in October compared to a year prior, below the 7.9% increase expected by analysts polled by Refinitiv. Industrial output, meanwhile, grew 4.7%, which was also weaker than anticipated.
“Downward pressure has continued to increase on the economy,” China’s national statistical authority said in a statement accompanying the data.
Elsewhere in the region, Hong Kong’s Hang Seng Index ( fell 0.8%. The index has tumbled more than 4% so far this week as the city continued to grapple with ) violent unrest.
Cathay Pacific ( dropped as much as 1.6% after the airline said that inbound passenger numbers fell 35% year-on-year in October, and it warned that its earnings in the second half of 2019 would be significantly weaker than the first six months of the year. )
More than five months of protests in the city have taken a toll on the travel industry, with airline operators feeling the pinch.
The stock was last down 0.5%.
Tencent ( declined 2.3% in Hong Kong after the Chinese social media and gaming giant )reported a 13% drop in net profit for the third quarter, below what analysts forecasted in a Refinitiv poll.
Hangzhou Hikvision Digital Technology, the world’s largest supplier of video surveillance products, declined 2.3% on the Shenzhen stock exchange. The company said Thursday that two senior executives were investigated by the country’s top securities regulator over alleged violations of disclosure rules.
Japan’s Nikkei 225 ( opened higher, but then lost ground after the world’s third largest economy reported a weaker-than-expected growth rate for the third quarter. It ended down 0.8%. )
SoftBank’s Z Holdings, formerly Yahoo Japan, soared 17% in Tokyo after multiple media reports said the company is in talks to merge with messaging app operator Line Corp (. )
South Korea’s Kospi Index ( rose 0.2%. )
US futures seesawed between small gains and losses during Asian trading hours on Thursday. Futures for the Dow (, )S&P 500 ( and )Nasdaq ( were down between 0.1% and 0.2%. )