Stocks in Asia-Pacific were higher on Tuesday, as Japan released revised gross domestic product figures for the second quarter.
In Japan, the Nikkei 225 gained 184.18 points, or 0.8%, to 23,274.13.
Japan’s revised GDP figures for the April-June quarter showed the country’s economy shrinking at an annualized 28.1%, according to second preliminary estimates released by the Cabinet Office.
It was worse than preliminary estimates released in mid-August, which had shown the country’s economy shrinking 27.8% on an annualized basis in April-June.
Tuesday’s revised GDP figure compared with a median forecast for a 28.6% contraction by economists.
Following the data release, the Japanese yen traded at 106.26 per U.S. dollar after seeing an earlier low of 106.31 against the greenback.
In Hong Kong, the Hang Seng poked up 34.69 points, or 0.1%, to 24,624.34.
Shares of Chinese bottled water firm Nongfu Spring surged more than 80% from their issue price in their debut in Hong Kong. The stock later pared some of those gains, but still gained more than 50% by the market close.
The Australian dollar changed hands at $0.7288 after seeing a momentary fall below $0.726 late last week.
CHINA
The CSI 300 regained 25.02 points, or 0.5%, to 4,694.39.
Investors also continued to monitor geopolitical developments after China accused the U.S. of “bullying” as it launched a global data security initiative on Tuesday.
That development came as the U.S. continues to pressure China’s largest tech firms and convince countries around the world to block them.
U.S. President Donald Trump also recently entertained the idea of "decoupling" from China, or refusing to do business with the country.
In other markets
In Singapore, the Straits Times Index subtracted 6.45 points, or 0.3%, to 2.504.76.
In Korea, the Kospi moved ahead 17.69 points, or 0.7%, to 2,401.91.
In Taiwan, the Taiex index soared 62.16 points, or 0.5%, to 12,683.56.
In New Zealand, the NZX 50 progressed 36.18 points, or 0.3%, to 11,895.63.
In Australia, the ASX 200 heightened 63.03 points, or 1.1%, to 6,007.84.
