Economics
Asian Stocks Index Little Changed After China GDP Data
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Asia’s benchmark stock index was little changed after China reported the world’s second-largest economy grew in line with the government’s target. Technology shares led drops, while utilities and material producers rose.
TPK Holding Co., a supplier of touch screens to Apple Inc., retreated 4.9 percent in Taipei. Mirae Asset Securities Co. slumped 15 percent in Seoul after saying it will buy a stake in Mirae Asset Life Insurance. Iluka Resources Ltd. paced gains among materials shares, climbing 3.9 percent in Sydney, after the world’s biggest zircon producer reported production that topped estimates. Rio Tinto Group added 1.3 percent after saying that iron-ore output surged in the second quarter.