Asian markets mixed after Japan GDP data

Monday, 17. August 2020 05:11

Equities on the Asian markets traded mixed on Monday after Japan's Cabinet Office released its second-quarter GDP data which showed the value of goods and services in the country dwindling down to 7.8% to mark the biggest contraction since comparable data became available.

Despite the drop, Japanese Minister of Economic Revitalization Yasutoshi Nishimura claimed the contraction still remains smaller than the one seen in the US or European economies.

In mainland China, the Shenzhen Composite went up by 1.47% at 5:06 am CET, as the Shanghai Composite added 1.9%. On the other hand, the Australian S&P/ASX 200 went 0.65% down at 05:08 am CET, with the dollar falling 0.04% against the yen, going for ¥106.5470 at the same time. At 5:07 am CET, Hong Kong's Hang Seng increased by 1.17%, while Japan's Nikkei 225 lost 0.62%. Markets in South Korea, however, are closed today for a holiday.

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Breaking the News / NL