Asia markets mixed after Wall Street extends declines
Asia-Pacific markets were mixed Thursday after U.S. stocks dropped overnight, with the Dow Jones Industrial Average posting its worst day in more than a month.
In Asia, South Korea narrowly avoided a technical recession with its third-quarter GDP growing 0.1% quarter on quarter, following a 0.2% contraction in the second quarter. It, however, missed Reuters estimates of 0.5% growth.
On a year-on-year basis, South Korea’s economy grew 1.5%, also slower than the 2% increase expected by economi
South Korea’s benchmark Kospi was down 0.16% after the GDP announcement,while the small-cap Kosdaq fell 0.91%.
Japan’s Nikkei 225 reversed losses to gain 0.38%, while the Topix rose 0.11%.
Australia’s S&P/ASX 200 climbed 0.15%, also reversing losses.
Hong Kong’s Hang Seng index was 0.76% down, while mainland China’s CSI 300 saw a smaller loss of 0.63%. (cay)
Sumber : CNBC
