Asian markets were mixed Thursday after US data showing the world's top economy grew much more than expected in the second quarter was offset by late profit-taking. The dollar moved narrowly in Asian trade after briefly hitting a near four-month high and then retreating against the yen in New York as the US growth figures were tempered by a guarded Federal Reserve report. Tokyo's Nikkei gave up early gains to end 0.16 percent lower after a recent rally helped it to a six-month high. The index lost 25.46 points to 15,620.77. Sydney added 0.18 percent, or 10.01 points, to close at 5,632.9 and Seoul lost 0.31 percent, or 6.49 points, to 2,076.12. Shanghai jumped 0.93 percent, or 20.32 points, to 2,201.56 and in the afternoon Hong Kong was up 0.27 percent, extending a winning streak to eight straight sessions. Jakarta was closed for a public holiday.The Commerce Department said Wednesday the economy grew 4.0 percent in April-June, much more than the 3.0 percent forecast. It was also a sharp reversal on the 2.1 percent contraction in the previous three months that was caused by a severe winter. In other markets,Taipei fell 1.39 percent, or 131.17 points, to 9,315.85. Taiwan Semiconductor Manufacturing Co. shed 2.81 percent to Tw$121.0 while tech firm HTC was 1.85 percent lower at Tw$132.5. Wellington added 0.18 percent, or 9.44 points, to 5,167.99,according to AFP.
© 2026 - All Rights with The Financial Express
