Nikkei Trades Higher While Chinese Markets Drop, Gold Depreciates in Early Asia

Nikkei Trades Higher While Chinese Markets Drop, Gold Depreciates in Early Asia

All the major Asian indices are trading on a mix note on Wednesday morning. Today New Zealand released PPI data with negative numbers while Japan released GDP data with positive numbers.

Gold fails to sustain above $1280 and trading around $1275 point in Asian hours.

Japan’s Nikkei 225 index was trading 0.61% higher at 16,753.36 points in Tokyo, while the broader Topix index followed a similar pattern, climbing 0.69% to 1,345.11 points.

Hong Kong's Hang Seng index fell to 1.63% to 19,784.55 points about an hour into trade, while the Shanghai Composite index plunged 1.12% to 2,811.75 points.

South Korea's Kospi index fell 0.61% to 1,956.00 points.

The benchmark Australian S&P/ASX 200 index was down 0.40% at 5,374.80 points in Sydney.

New Zealand's S&P/NZX 50 index was trading 0.25% lower at 6,957.36 points on Wednesday afternoon in Wellington.

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