Asia markets to trade mixed ahead of Chinese economic data
People take photographs against a backdrop of the Shenzhen skyline at Lianhuashan Park in Shenzhen, China, on Friday, Nov. 20, 2020. China will likely return to a more "proper" range of economic development next year, Premier Li Keqiang said, indicating a strong rebound in growth after this year's pandemic slump. Photographer: Yan Cong/Bloomberg via Getty ImagesAsia-Pacific markets traded mixed Tuesday as investors await a slew of Chinese economic data.
China's retail sales are estimated to contract by 8.6% and industrial output is expected to expand 0.2% on an annualized basis, according to economists polled by Reuters.fell 0.16% in its first hour of trade as the nation's Westpac consumer confidence rose 5% in December from 3% in November, Refinitiv data showed.
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