Shares in Asia are mixed

On Tuesday, Asian shares were mixed with South Korea of note because the third quarter GDP came in better than expected notwithstanding a string of major corporate mishaps for the last few months.

The S&P/ASX 200 leapt 0.72%, the Nikkei 225 earned 0.71%, while the Shanghai Composite fell 0.08%.

In South Korea, the Kospi dipped 0.71% and the Korean won edged down notwithstanding data from the Bank of Korea which showed the third quarter GDP headed north a seasonally adjusted 0.7% on-quarter, thus beating the 0.6% revenue observed.

The country is in focus in Asia because corporate news has rocked market sentiment for the last few months with a huge strike at Hyundai Motor, the collapse of Hanjin Shipping as well as Samsung Electronics forced to recall shipments of its brand new Galaxy Note 7 smartphones amid reports of the devices catching fire.

Overnight, American shares were higher after the close on Monday, as revenues in the Technology, Consumer Services as well as Consumer Goods sectors brought stocks higher.

Scroll to top