Asia-Pacific markets are mixed; South Korea’s GDP is growing very slowly this year

People cross a street in Hong Kong’s Causeway Bay.

Mark Fernandez | NoorPhoto | Good pictures

Shares in the Asia-Pacific were mixed on Thursday as investors digested economic data in the region.

The Hang Seng Index Leading gains in the broader region were lifted by technology stocks, which rose more than 3% in early trade, before gains of around 1.74%. The Hang Seng Tech index rose more than 4% at the start of the session and ended up 2.19%.

In Australia, the S&P/ASX 200 0.55% earned Cosby Added 1.52%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.23%.

of Japan Nikki 225 was 0.19% lower, while Topix lost 0.49%. Mainland China Shanghai Mix And this Shenzhen component At the end of the morning session the fraction was lower.

South Korea’s third-quarter gross domestic product grew 0.3% from the previous quarter – according to official preliminary data – the slowest growth since the third quarter of 2021. China’s industrial profits fell 2.3% from a year ago in the January to September period, according to the National Bureau of Statistics.

The Bank of Japan begins a two-day meeting on monetary policy on Thursday. In corporate news, Samsung Electronics reported its third-quarter earnings after missing estimates earlier this month.

Overnight on Wall Street, the Nasdaq fell 2.04% to close at 10,970.99. The S&P 500 was down 0.74% at 3,830.60. The Dow Jones industrial average rose 2.37 points to be roughly flat for the day and ended at 31,839.11.

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