Market

Asia-Pacific Markets Show Mixed Reactions as Japan's Economy Shrinks and South Korea Faces Export Slowdown

Asia-Pacific Markets React to Economic Data

Following the release of economic data in Japan, major stock markets in the Asia-Pacific region showed mixed results on Friday afternoon. Japan's Nikkei 225 slipped by 0.11%, while South Korea's Kospi Composite saw a slight increase of 0.23%. Meanwhile, Australia's S&P/ASX 200 increased by 0.51%, and in mainland China, the Shanghai Composite dipped by 0.44%.

Economic Pressures in South Korea

South Korea reports increasing pressure on its economy, primarily due to a slowdown in exports amid trade uncertainty. This comes as the US dollar traded 0.35% lower against the yen, selling for ¥145.18150.

Market Performance Across the Region

Hong Kong's Hang Seng lost 0.60%, while the Shenzhen Composite added 0.41%. These fluctuations highlight the varying impacts of global trade uncertainties on regional markets.