Asian-Pacific markets on Friday were mixed while investors analyzed the latest data on Japanese gross domestic product and waited for a number of other economic data from the region.
Japanese Reference Index of Nikkei 225 has dropped by 0.23%, while Topix added 0.12% after the Japanese economy decreased by 0.2% compared to the previous quarter in three months ended in March. Economists who surveyed Reuters estimated economic contraction of 0.1% compared to the previous quarter.
The data comes at a time when the country is in trade negotiations with the United States, and the initial talks between both sides have so far not brought the final agreement, seebiz.
Weak outcome for Japanese GDP could burden the price of increasing the bank’s interest rates and push USD / JPY according to 148.13, written by the Commonwealth Bank of Australia in Note. Japanese yen is currently trading at a price of 145.52 compared to the dollar.
Australian Reference index S & P / ASX 200 has added 0.44%. South Korean Kospas increased by 0.33%, while Kosdaq, shared of small market capitalization, fell by 0.2%.
Indian Nifty 50 lost 0.25% on opening.
Hong Kong Hang Seng Index fell by 0.66%, while Chinese CSI 300 dropped by 0.2%.
