Asian Shares Lackluster — China’s economy grew at its slowest pace in nearly six years


Peace and Freedom

The Associated Press

TOKYO — Shares were mixed in Asia on Wednesday as investors absorbed the news that China’s economy grew at its slowest pace in nearly six years in the first quarter. Hong Kong and Shanghai recovered losses after slipping into negative territory following the release of data showing the Chinese economy grew at a 7.0 percent pace in January-March.

KEEPING SCORE: Japan’s Nikkei 225 stock index fell 0.2 percent to 19,869.76. Hong Kong’s Hang Seng recovered from early losses, gaining 0.5 percent to 27,708.63, while the Shanghai composite index likewise bounced back, gaining 0.3 percent to 4,149.36. South Korea’s Kospi rose 0.4 percent to 2,119.96 on positive news for electronics makers, but in Australia, whose resource sector is vulnerable to fluctuations in Chinese demand, the S&P ASX200 fell 0.6 percent to 5,908.40. Shares in Taiwan, New Zealand and most of Southeast Asia were also lower.

CHINA DATA: China’s…

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