Asia-Pacific markets slid as Wall Street saw a pause in its market rally and the broad market index fluctuated near its highest closing levels since August 2022. Investors in the region also further assessed economic data that has been released this week.
In Japan, the Nikkei 225 tumbled 272.47 points, or 0.9%, to 31,641.27.
Japan’s annualized GDP for the first quarter was revised to 2.7%, higher than the 1.9% expected by economists polled by Reuters and the 1.6% posted in its initial figures.
In Hong Kong, the Hang Seng gained 47.18 points, or 0.3%, to 19,299.18.
South Korea’s Kospi inched down to snap a three-day winning streak.
Australia stocks sustained their third straight day of losses, after the country’s trade surplus fell more than expected to 11.16 billion Australian dollars ($7.44 billion U.S.) in April.
In other markets
In China, the CSI 300 index advanced 30.85 points, or 0.8%, to 3,820.19.
In Korea, the Kospi Index faded 4.75 points, or 0.2%, to 2,610.85.
In Taiwan, the Taiex index slumped 188.79 points, or 1.1%, to 16,733.69.
In Singapore, the Straits Times index moved forward 7.03 points, or 0.2%, to 3,186.61.
In New Zealand, the NZX 50 lost 43.4 points, or 0.4%, to 11,715.75
In Australia, the ASX 200 fell 18.33 points, or 0.3%, to 7,099.66.
