- Japan’s plummeting economy and fears that first-quarter GDP fell 5% rocked Asian markets on Tuesday.
- Stocks in China also fell, while in Hong Kong and Australia modest gains were made.
- The Nikkei 225 finished down 241.37 points or 0.83% to 28,812.63.
SYDNEY, NSW, Australia – Japan’s plummeting economy and fears that first-quarter GDP fell 5%, put slippages below the benchmark Nikkei 225 on Tuesday.
Stocks in China also fell, while in Hong Kong and Australia modest gains were made.
The Nikkei 225 finished down 241.37 points or 0.83% to 28,812.63.
China’s Shanghai Composite lost 28.04 points or 0.81% to 3,446.86.
The Australian All Ordinaries, against the trend, added 36.70 points or 0.50% to 7,323.50.
In Hong Kong, the Hang Seng rose 199.60 points or 0.70% to 28,557.14.
In the currency markets, the trend of the US dollar reversed. After losing ground the day before, the greenback rebounded in Tuesday’s Asian session. The euro fell to 1.2021. The British pound slipped to 1.3861. The Japanese yen slipped to 109.41, while the Swiss franc fell back to 0.9143.
The Canadian dollar weakened to 1.2307. The Australian and New Zealand dollars ended the day sharply lower at 0.7721 and 0.7158 respectively.
Night on Wall Street, the Dow Jones industrial stocks jumped 238.38 points or 0.70% to 34,113.23.
The Standard and Poor’s 500 added 11.49 points or 0.27% to 4,192.66.
The technology-laden Nasdaq Composite, against the trend, lost 67.56 points or 0.48% to 13,895.12.