Asia-Pacific markets traded mixed Friday as investors parse a slew of economic data out of China.

China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year. The country’s fourth-quarter GDP beat expectations with a 5.4% growth.

China’s retail sales in December jumped 3.7% from a year earlier, exceeding Reuters’ forecast of 3.5%. Industrial output expanded 6.2% from a year earlier, versus expectations of 5.4%.

Hong Kong’s Hang Seng indexwas up 0.21% in its final hour of trade. The index is on track for its fourth straight day of gains. Meanwhile, mainland China’s CSI 300 gained 0.31% to end the day at 3,812.34.

Source: CNBC