Asia-Pacific markets were mixed as Japan’s third-quarter GDP was revised downward in a surprise move, while investors also awaited India’s central bank rate decision.
Japan’s third-quarter GDP was revised downward to a 0.7% fall quarter-on-quarter, a sharper slide compared with the 0.5% decline estimated earlier. Economists had forecast that the revised figure would be unchanged at 0.5%
The Reserve Bank of India will also release its rate decision on Friday, with a Reuters poll of 64 economists unanimously forecasting that the bank will keep its benchmark policy rate steady at 6.5% for the fourth straight time.
In Australia, the S&P/ASX 200 rose marginally, reversing earlier losses.
Japan’s Nikkei 225 tumbled 1.42% after the GDP data release, while the Topix fell 1.13%.
South Korea’s Kospi climbed 0.79% and the small-cap Kosdaq advanced 0.93%.
Hong Kong’s Hang Seng index rebounded, up 0.15%, while the mainland Chinese CSI 300 traded close to the flatline.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
| .N225 | Nikkei 225 Index | *NIKKEI | 32254.25 | -604.06 | -1.84 |
| .HSI | Hang Seng Index | *HSI | 16408.17 | 62.28 | 0.38 |
| .AXJO | S&P/ASX 200 | *ASX 200 | 7194.9 | 21.6 | 0.3 |
| .SSEC | Shanghai | *SHANGHAI | 2978.63 | 12.42 | 0.42 |
| .KS11 | KOSPI Index | *KOSPI | 2518.55 | 26.48 | 1.06 |
| .FTFCNBCA | CNBC 100 ASIA IDX | *CNBC 100 | 8369.7 | 27.41 | 0.33 |
Overnight in the U.S., all three major indexes gained ground as the Dow Jones Industrial Average and S&P 500 broke three-day losing streaks, ahead of Friday’s all-important jobs report.
The S&P 500 climbed 0.8%, while the blue-chip Dow added 0.17%. The Nasdaq Composite advanced 1.37% as technology stocks outperformed.
Google-parent Alphabet gained more than 5% as traders cheered the company’s launch of its Gemini artificial intelligence model. Nvidia and AMD also added more than 2% and 9%, respectively.
Source : CNBC