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.