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Regional indices mostly lower as South Korea's economy shrinks

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  • Asian Market
  • 6 months ago
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Asian indices have closed the trading session mostly lower, following suit of Wall street’s performance.

Mainland China suffered the worst results as the Shanghai Composite slipped by 2.4%, the Shenzhen Composite tumbled by 3.4% and the Shenzhen Component also dropped by 3.2%.

Over in Hong Kong the Hang Seng retreated by 0.8% as shares of Tencent shed 2% index

Tokyo’s Nikkei 225 rose 0.48% with the the Topix index also adding 0.5% as the Bank of Japan kept monetary policy steady, stating that it intends to keep interest rates “extremely low” until at least till 2020.

South Korea’s Kospi shed by 0.4% as South Korean economy retreated unexpectedly in the first quarter of 2019 and resulting in a downgrading by most economists.

Meanwhile Australia’s markets were closed today due to public holiday.

 

 

Source: Smart Trend Team