Asia markets mixed as Japan GDP beats expectations - CNBC

Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, April 25, 2023. Photographer: Kentaro Takahashi/Bloomberg via Getty Images

Bloomberg | Bloomberg | Getty Images

Asia-Pacific markets were mixed on Tuesday following key data from both Japan and China.

Japan's Nikkei 225 climbed 0.56% to end at 32,238.89, while the Topix was up 0.41% and closed 2,290.31 after the country saw its second quarter gross domestic product beat expectations.

The economy grew 1.5% quarter on quarter and 6% on an annualized basis, compared to expectations of 0.8% and 3.1% respectively, according to economists polled by Reuters.

In Australia, the S&P/ASX 200 climbed 0.38% to close at 7,305 as investors digested the Reserve Bank of Australia's minutes for its August monetary policy meeting, where it unexpectedly held its benchmark rates at 4.1%.

Hong Kong's Hang Seng index extended losses and slid 0.63%, while the CSI 300, a benchmark index for mainland Chinese markets, 0.2%. South Korea's markets are closed for a public holiday.

Overnight in the U.S., all three major indexes gained, with the S&P 500 and the Nasdaq Composite rebounding due to a rebound in chip stocks and tech names.

The broad market index added 0.58%, while the tech-heavy Nasdaq gained 1.05%. Meanwhile, the Dow Jones Industrial Average advanced by 0.07%.

— CNBC's Hakyung Kim and Jesse Pound contributed to this report

Adblock test (Why?)