Asia-Pacific stocks mixed; Australia’s first-quarter GDP print ahead
Shares in Asia-Pacific were mixed in Wednesday morning trade, ahead of the release of Australia’s gross domestic product print for the first quarter.
The Nikkei 225 in Japan slipped 0.7% in morning trade while the Topix index shed 0.33%. In South Korea, the Kospi rose about 0.1%.
Meanwhile, Australian stocks advanced, with the S&P/ASX 200 up 0.26%. Australia’s gross domestic product for the first quarter is expected to be out at 9:30 a.m. HK/SIN.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded little changed.
In corporate developments, shares of Japan’s Toyota and Honda rose 0.58% and 2.5%, respectively. Those gains came despite reports that the automakers have temporarily suspended production in Malaysia due to country’s lockdown, which started Tuesday.
Reference: CNBC
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