SUN Market Mixed Amid Economic Data Release. The release of China’s economic data showed Gross Domestic Product (GDP) growth of 4% in 4Q21, or 8.1% throughout 2021. However, indications of an economic slowdown are seen from retail sales which only grew 1.7%; far below analysts’ survey predictions of 3.7%. Meanwhile, Indonesia’s trade balance surplus which is thinning in December 2021, as well as the potential for the 3rd wave of Covid-19; into some of the trading sentiment this week. The benchmark series of Government Securities (SUN) closed mixed yesterday, based on data from Bloomberg.
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