Asian shares show mixed trade
On Wednesday, stocks in Asia showed mixed performance with Sydney earning slightly notwithstanding weaker than expected GDP figures.
The S&P/ASX 200 soared 0.14% after second quarter GDP ascended 0.5% quarter-on-quarter, missing the 0.6% growth observed for a 3.3% year-on-year. That’s below the 3.4% leap expected.
The Nikkei 225 headed south 0.80% and the Shanghai Composite Index earned 0.34%. In Hong Kong the Hang Seng Index traded 0.01% lower.
Elsewhere, on Tuesday, John Williams, San Francisco Federal Reserve Bank President repeated his call for a lift in the Fed's policy rate sooner rather than later, amid indications of continued solid momentum in the US economy in line with the major bank's established policy framework.
Overnight, American shares edged up after the close on Tuesday, as profits in the Oil & Gas, Utilities as well as Telecoms sectors led stocks higher.
At the close in NYSE, the Dow Jones Industrial Average ascended 0.25%, while the S&P 500 index grew 0.30%, and the NASDAQ Composite index gained 0.50%.