Asia-Pacific trades mostly lower with Japan in focus

Tuesday, 08. June 2021 07:26

Shares on major Asia-Pacific stock markets traded mostly lower on Tuesday, as investors digested the news coming out of Japan. The country's GDP declined 3.9% in the first quarter of the year, highlighting the effects of the pandemic on economies around the world. At the same time, Japan and Finland are expected to announce a partnership to develop 6G technology, while the United States warned that the microchip shortage might last until 2023.

The Kospi Composite declined 0.07% at 7:21 am CET, while Australia's S&P/ASX 200 increased 0.09% at the same time. Japan's Nikkei 225 dropped 0.20% at 7:22 am CET, as the dollar gained 0.15% against the yen trading for ¥109.4155 a minute later.

Over in mainland China, the Shenzen Composite plummeted 1.33% at 7:24 am CET, while the Shanghai Composite was down 0.79%. In Hong Kong, the Hang Seng decreased 0.50% at 7:25 am CET.

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Breaking the News / OL