Asian markets are falling; The Chinese economy grew by 6.3 percent, below expectations.
Asia-Pacific markets fell on Monday as investors weighed in on key economic data from China.
The world’s number two economy grew 6.3 percent of GDP for the second quarter, lower than economists expected.
Hong Kong markets will likely be closed throughout Monday due to the storm warning. The Hong Kong Observatory expects storm signal 8 to remain in effect until at least 16:00.
On the Hong Kong Stock Exchange, if the typhoon signal 8 or higher remains in effect until noon, all trading sessions during the day will be cancelled.
In mainland China, the Shanghai Composite Index fell 1.05 percent and the Shenzhen Component Index fell 0.45 percent.
In Australia, the S&P/ASX 200 was marginally lower. The country will release unemployment figures later this week, which will give clues to the Reserve Bank of Australia’s rate decisions.
South Korea’s Kospi fell 0.12 percent, but the Kosdaq rose 0.11 percent ahead of the release of trade figures for June.
Japanese markets are closed for Maritime Day.
In Southeast Asia, Singapore’s non-oil domestic exports fell 15.5 percent year-on-year in June, with more trade data from Indonesia to be released later.