Asian markets mixed, Nikkei jumps after GDP data

Tuesday, 18. May 2021 04:50

Asian markets traded mixed on Tuesday following the release of GDP figures for Japan. According to the latest update, Japan’s economy shrank at an annualized rate of 5.1% in the first quarter of 2021.

Meanwhile, minutes from the Reserve Bank of Australia’s May monetary policy meeting revealed the central bank is likely to maintain key interest rates at 0.1% until "2024 at the earliest."

The Nikkei 225 jumped 2.08% in Tokyo at 4:35 am CET. South Korea's Kospi Composite climbed 1.04% at 4:45 am CET. In China, the Shanghai Composite was flat as the Shenzhen Composite lost 0.54%. The Hang Seng rose 1.17% at the time. Meanwhile in Sydney, the S&P/ASX 200 was up 0.47%. The dollar declined 0.05% against the Japanese yen at 4:50 am CET, buying ¥109.176.

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