Stay updates—Japan GDP, Hong Kong cancels buying and selling
Japan ,Tokyo Metropolis skyline, Tokyo Tower. (Photograph by: Dukas/Common Photographs Group through Getty Photographs)
Prisma By Dukas | Common Photographs Group | Getty Photographs
Asia-Pacific markets had been decrease on Friday as Japan launched revised second quarter gross home product figures. Hong Kong cancelled commerce for the entire day as a result of a storm warning.
Japan’s Nikkei 225 prolonged losses from Thursday and fell 1.16%, closing at 32,606.84 to erase its previous week’s features. The Topix was down 1.02% and completed at 2,359.02.
Japan’s economic system grew 4.8% within the second quarter on a quarter-on-quarter annualized foundation, a smaller progress than the 6% seen within the preliminary estimates and decrease than the 5.5% anticipated in a Reuters ballot.
Hong Kong’s trade cancelled buying and selling on Friday after a “black rainstorm” warning because the Asian monetary hub noticed its heaviest rainfall in 140 years. Underneath Hong Kong Alternate pointers, if the black rainstorm sign is just not lifted after 12 p.m., there shall be no buying and selling for the day.
Mainland Chinese language markets had been in unfavorable territory, with the CSI 300 down 0.49% and ending the day at 3,739.99.
In Australia, the S&P/ASX 200 ended down 0.2% at 7,156.7 and notched its fourth straight day of losses.
South Korea’s Kospi slid 0.02% and closed at 2,547.68, whereas the Kosdaq bucked the broader development and gained 0.86% to finish at 914.18.
In a single day within the U.S., the Nasdaq Composite fell for a fourth session Thursday as considerations resurfaced over the Federal Reserve’s rate of interest coverage path, and whether or not policymakers will enact one other hike this yr.
The tech-heavy index bought off 0.89%, whereas the S&P 500 slipped 0.32%. The Dow Jones Industrial Common added 0.17%.
— CNBC’s Samantha Subin and Brian Evans contributed to this report.
Correction: This story has been up to date to replicate that Japan’s economic system expanded 4.8% within the second quarter on a quarter-on-quarter annualized foundation, and that the Nikkei prolonged Thursday’s losses.
