On Monday, mainland Chinese stocks edged lower after the recent economic data surpassed the market estimates.
The benchmark Shanghai Composite tumbled 0.29% or 10.22 points to $3,528.88 per share.
At the bottom of the index, Guangdong Hec Technology sharply declined 10.03% or 0.17 points to $1.49 per share.
Similarly, China Kings Resources Group plummeted 9.99% or 0.68 points to $6.09 per share.
At the same time, Hunan Baili, an engineering consulting firm, slumped 9.98% or 0.31 points to $2.84 per share.
Correspondingly, the Shenzhen Component Index fell 0.60% or 88.95 points to $14,616.42 per share.
Then, Yuan Longping, a seller of seeds and seedlings, plunged 10.01% or 0.42 points to $3.77 per share.
Likewise, power lithium batteries manufacturer Gotion High Tech. dropped 9.64% or 0.97 points to $9.05 per share.
Correspondingly, Guangzhou Tinci Materials lowered 7.87% or 1.78 points to $20.89 per share.
In Hong Kong, the Hang Seng index sank 0.08% or 20.63 points to $25,307.34 per share.
Its worst performer, property developer Country Garden dipped 5.67% or 0.46 points to $7.58 per share.
Moreover, conglomerate firm Citic Pacific lost 2.96% or 0.02 points to $0.92 per share.
Also, automobile company BYD curtailed 2.67% or 1.05 points to $37.42 per share.
The losses came in the Chinese stocks even though the domestic economic data posted better than expected.
Accordingly, retail sales climbed to 4.90% year-over-year, surpassing the projected rate of 3.50%.
Similarly, the industrial output reported 3.50% from the forecasted figure of 3.00%.
On a negative note for the stressed housing market, October house prices declined to 3.40% from the previous 3.80%.
Asia-Pacific Shares Mixed as Chinese Stocks Fell
Meanwhile, the rest of the Asia-Pacific shares struggled for direction, while South Korean shares led gains.
In contrast to the move of Chinese stocks, KOSPI advanced 1.09% or 32.28 points to $3,001.08 per share.
In Japan, the Nikkei 225 index improved 0.50% or 148.05 points to $29,758.02 per share.
Then, the TOPIX index increased 0.35% or 7.07 points to $2,047.67 per share.
Moreover, preliminary estimates reports showed that Japan’s gross domestic product decreased an annualized rate of 3.00% in the July-September quarter.
In Australia, the S&P/ASX 200 index enhanced 0.36% or 27.10 points to $7,470.10 per share.
In New Zealand, the S&P/NZX 50 index amplified 0.44% or 56.31 points to $12,964.46 per share.
Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.32% or 2.09 points to $656.27 per share.
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