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Asia opens mostly positive

Economies.com
2021-02-15 03:59AM UTC

Asian stock indices opened the first session of the week mixed, with Japan, Australia, South Korea higher, while New Zealand lost ground, as China closes for the spring holiday.

 

Japan's Nikkei 225 index his 30,000 yen for the first time since 1990, while Japan's TOPEX hit 1991 highs with support from energy, healthcare, oil stocks. 

 

Earlier Japanese data showed GDP growth at 3.0% in the fourth quarter, slowing down from 5.3% in the third quarter, while GDP prices rose 0.2% in adjusted readings, down from 1.3%. 

 

On a yearly basis, GDP growth hit 12.7% in the last quarter, beating estimates of 10.1%, and raising hopes for faster economic recovery. 

 

Japan's TOPEX rose 0.68%, while Nikkei 225 climbed 1.18% to 29,867. 

 

South Korea's KOSPI climbed 1.55% to 30,148, while New Zealand's NZX 50 fell 0.53%, as Australia's S&P/ASX 200 added 0.92% to 6,869.

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