Asian shares end mixed after Japanese GDP, Chinese data


In oil markets, US benchmark West Texas Intermediate for September delivery rose four cents to $US97. 41 in afternoon Asian trade while Brent crude for September was down 31 cents at $US102. 71. Gold traded at $US1,308. 52 an ounce at 1840 (AEST) compared to $US1312. 30 an ounce late Tuesday. - Wellington ended flat, edging down 0. 02 per cent, or 1. 10 points, to 5,054. 70.

Shanghai ended flat at 2,222. 88 and Hong Kong closed up 0. 81 per cent, or 200. 93 points, at 24,890. 34 as new statistics showed key indicators including industrial production slowed in July, raising concerns for growth in the world's second-largest economy. Seoul gained 1. 02 per cent, or 20. 89 points, to 2,062. 36.

The Dow Jones Industrial Average dipped 0. 06 per cent to 16,560. 54 on Tuesday as new data showed investment sentiment in Germany, the eurozone's biggest economy, was taking a hit from the crisis over Russia and Ukraine.

Tokyo shrugged off early losses to close 0. 35 per cent, or 52. 32 points, higher at 15,213. 63, despite data which showed the Japanese economy contracted sharply in the latest quarter as a sales tax increase slammed the breaks on household spending.

Read more here: Business Spectator


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