Asian markets trade mixed after Japan data
Asian markets traded mixed on Tuesday following the release of two economic reports from Japan. Japan’s GDP dropped a record 28.1% on an annualized basis in the second quarter during the coronavirus state of emergency. Furthermore, Japan recorded a trade surplus of ¥137.3 billion in July, according to a release from the country’s Customs Office.
In Japan, the benchmark Nikkei 225 rose 0.52% at 4:30 am CET while the South Korean Kospi Composite gained 0.63% at the time. Meanwhile, in mainland China, the Shanghai Composite declined 0.12% while the Shenzhen Composite fell 0.48%. Hong Kong’s Hang Seng was 0.25% higher at the time. Australia’s S&P/ASX 200 increased 0.74% in Sydney.
The dollar was 0.01% lower against the yen, buying ¥106.268 at 4:35 am CET.
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