Stock market today: Japan rises on GDP data; rest of region shaky
Asian shares are trading mixed as Japan’s benchmark jumped on the news of solid economic growth data, while the rest of the region was mired in uncertainty
TOKYO AP" target="_self">(AP) — Asian shares were trading mixed Wednesday as Japan’s benchmark jumped on the news of solid economic growth data, while the rest of the region was mired in uncertainty.
Japan’s benchmark Nikkei 225 gained 0.8% to finish at 30,093.59. Australia’s S&P/ASX 200 dipped 0.5% to 7,199.20, after a better-than-expected wage increase report. The wage price index rose 3.7% year on year. But that could mean an interest rate hike in coming months, according to some analysts.
South Korea’s Kospi gained 0.6% to 2,494.02. Hong Kong’s Hang Seng lost 1.2% to 19,745.68, while the Shanghai Composite slipped 0.4% to 3,277.07.
Japan’s encouraging GDP data released earlier in the day showed consumption was rebounding after COVID-19-related restrictions were eased and borders opened to tourists.
