London — World stocks nudged down on Thursday as Chinese economic data slowed in October, and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the US-China trade war.
In Asia, stocks fell after soft economic data in China and Japan showed the trade war between Beijing and Washington was hitting growth in some of the world’s biggest economies. MSCI’s broadest index of Asia-Pacific shares excluding Japan fell 0.3%. Japan’s Nikkei stock index fell further, dropping 0.8%.
Fixed-asset investment, a key driver of economic growth, rose just 5.2% from January to October, against expected growth of 5.4% and the weakest pace since Reuters records began in 1996. The weak figures also come as market confidence about a resolution being reached weakens, with a new Reuters poll showing most economists do not expect Washington and Beijing to strike a permanent truce over the coming year.
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