Asian shares mixed after Japan GDP beats expectations as investors await China data

Asian shares mixed after Japan GDP beats expectations as investors await China data

Monday, August 14, 2017

Asian Market 1


The Nikkei 225 was down more than 1 percent despite second-quarter Japan GDP surprising to the upside as investors in Asia geared up for the release of a barrage of China data on Monday.

Japan’s benchmark Nikkei 225 index fell 1.05 percent in early trade as markets re-opened after a public holiday last week. Markets appeared to shrug off headlines that the Japanese economy grew at an annualized rate of 4 percent in the second quarter of the year ending in June compared to the previous year. That easily topped the 2.5 percent rise forecast in a Reuters poll.

South Korea’s Kospi rose 0.56 percent after being pressured by geopolitical tensions for most of the last week.

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