Safe have yen down after Chinese GDP beat estimates

Chinese bourses edged higher following data. The Shanghai Composite was up 0.5 per cent and the Shenzhen Composite was up 0.3 per cent after China’s statistics bureau said gross domestic product rose by 6.9 per cent in inflation-adjusted terms, decelerating from 7 per cent in the first two quarters and 7.3 per cent in the same period in 2014.

Elsewhere in the region, Hong Kong’s Hang Seng was flat and Australia’s S&P/ASX 200 was up 0.2 per cent.

Japan’s Nikkei 225 was down 0.6 per cent, with only the healthcare, food and beverage sectors posting modest gains.

The yen was down 0.1 per cent at 119.40 against the US dollar and the Aussie dollar was down 0.2 per cent $0.7268 against the greenback.

In commodities Brent crude fell 0.2 per cent at $50.37 a barrel and West Texas Intermediate edged 0.1 per cent lower to $47.20. Gold was down 0.2 per cent at $1,174.85 an ounce.

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