GLOBAL MARKETS-Asian shares slump after weak China GDP, pound retreats

Asian stocks stumbled on Friday, erasing earlier gains after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal. China’s economy grew 6.0% in the third quarter, less than expected, and the weakest pace in at least 27-1/2 years, as the Sino-U.S. trade war hit demand at home and abroad. If there is any short-term move (higher) here in Asia it will genuinely be only short-term players because we’re not far from printing 5% in China GDP, and that’s not going to …read more

Source:: Yahoo Finance

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