China's markets show mixed results amid weak economic data
Mumbai, Sept. 15 -- Chinese stock markets had a mixed day on Tuesday as fresh economic reports showed that the country's economic recovery is still struggling.
The Shanghai Composite index dropped 0.3% to hit a one-month low of 3,875. At the same time, the Shenzhen Component managed a small gain of 0.3%.
Several reports highlighted ongoing economic challenges. Fixed-asset investment suffered a steep drop of 7.2% from January to August, and retail sales growth slowed to a three-month low of 0.4% in August. Additionally, the unemployment rate ticked up to 5.3%.
However, there were a few bright spots. Industrial output picked up to 5.2%, and the decline in house prices slowed down slightly compared to previous months.
Because growth is a...
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