Monday, 14 September 2015

Asian stocks mixed amid Fed uncertainty

Asian stocks kicked off Monday mixed, as traders digest a slew of Chinese data released over the weekend and tread cautiously ahead of the Federal Reserve's policy meeting this week. 
Growth in China's fixed-asset investment and industrial production missed expectations in August, data from the National Bureau of Statistics showed on Sunday, suggesting further cooling in the world's second-biggest economy that will likely prompt the government to roll out more support measures. 
Retail sales were the lone positive surprise, growing 10.8 percent in August from a year earlier, above forecasts of 10.5 percent. 
"Further deceleration in investments and imports plunge remain worrying. This ups the likelihood of more China stimulus, but dampens the Fed jumping the gun," analysts at Mizuho Bank wrote in an e-mail note released early Monday.

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