Asian Markets Rise
Advertisement
REUTERS/Carlos Barria
Advertisement
Japan's Nikkei is up 2%.
Australia's S&P/ASX 200 is up 0.5%.
China's Shanghai Composite is flat.
Hong Kong's Hang Seng is up 0.5%.
Advertisement
While the latest data beat expectations it confirmed fears of China's economic slowdown.
Q1 GDP was up 7.4% on the year, but down from 7.7% the previous quarter. Quarter-over-quarter GDP was up 1.4% or 5.7% annualized.
The Aussie dollar got a nice pop after the data beat expectations but pared some of those gains.
Meanwhile, S&P futures are up 0.3% and NASDAQ futures are up 0.4%.
Advertisement
Advertisement
- CBSE Class 10 board exam results declared
- New "fiery" exoplanet discovered, found to display volcanic activity like Jupiter's Io
- OnePlus Nord CE 4 Lite to launch soon in India – expected price, specs and everything we know so far
- CBSE Class 12 results: 87.98% students pass exams, girls outshine boys
- Tata Motors shares tank over 9%, mcap declines by ₹29,946.88 crore