Asia shares flat after mixed China data, pound near 9-month peak
Updated : March 14, 2019 08:25 AM IST
MSCI's broadest index of Asia-Pacific shares outside Japan held at 522.06 points. Japan's Nikkei rose 0.5 percent while Australian and New Zealand shares each added 0.2 percent. Shanghai's SSE Composite index stumbled 1.2 percent while the blue-chip CSI 300 eased 0.4 percent.
Chinese shares were in the red after data showed the country's industrial output expanded at the slowest pace in 17 years, although retail sales and fixed asset investment grew by more than expected.
Despite China's slowing growth, Asian markets have had an impressive rally this year, with the MSCI index climbing about 10 percent largely after the US Federal Reserve all but abandoned its rate hike plans.
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