Asia-Pacific Shares Mixed, Japan’s GDP Rises By 1.9% In Q2

Asia-Pacific Shares Mixed, Japan’s GDP Rises By 1.9% In Q2

Asia-Pacific shares mixed, Japan’s GDP rises by 1.9% in Q2. In Wednesday trade, shares in Asia-Pacific were mixed as Japan revises second-quarter GDP upward.

Hong Kong’s Hang Seng index declined shed 0.52% by the afternoon. Shares of China Evergrande Group shed below its IPO price in Wednesday trade before surging 0.84%.

China's second-largest property developer’s stock has tumbled more than 8% so far this week, continues to decline.

 Mainland Chinese markets traded flat, with the Shanghai composite surging slightly and the Shenzhen component dropping about 0.1%.

Over in South Korea, Kospi tumbled 0.79% while Australia’s S&P/ASX 200 shed 0.27%.

Japan’s Nikkei 225 advanced 0.39% while the Topix index added 0.38%

Japan’s economy rose 1.9% during the April to June quarter compared to the initial estimate for a 1.3% rise, according to Wednesday’s revised government data.

Overnight stateside, the Dow Jones Industrial Average slipped 269.09 points to 35,100 while the S&P 500 declined 0.34% to 4,520.03. The Nasdaq Composite rose fractionally to 15,374.33.

On Wednesday, Bitcoin fell after climbing above $52,000. It was last trading at $46,736.04 as of 12:27 a.m.

The U.S. dollar index reached 92.533 following a recent surge from below 92.4.

The Japanese yen was at 110.27 per dollar, after declining below 109.8 seen against the greenback yesterday. The Australian dollar traded at $0.7389 following yesterday’s drop from levels above $0.744.

Oil prices were mixed, with international benchmark Brent crude futures little rose $71.68 per barrel. U.S. crude futures surged 0.18% to $68.47 per barrel.