Asian stock markets opened negative before turning positive after Japan's 2nd quarter GDP grew stronger than expected.

Asian stock markets opened negative before turning back into positive territory. After Japan revealed 2nd quarter GDP was stronger than expected and the US CPI index increased less than expected.

On August 15, 2567, CNBC reported that Asian stock market Open to delete today before turning around in positive territory After Japan reported Gross domestic product (GDP) figures for the second quarter grew stronger than expected. and China's retail numbers grow Including the US Consumer Price Index (CPI) data is low. which is consistent with predictions

Japan said GDP grew 0.8% in the second quarter on a quarterly basis. That was more than the 2% increase expected by economists in a Reuters poll. However, GDP fell 0.5% year-on-year.

The Chinese side reported that July retail sales Expanded 2.7% year-on-year. That was more than economists in a Reuters poll expected for 2.6% growth, while industrial output rose 5.1% and the urban unemployment rate rose slightly to 5.2% from 5% in June. September

Meanwhile, the US Department of Labor revealed that the July CPI rose 2.9% year-on-year. That's down from 3% in June and the lowest level in three years. On a monthly basis, the CPI rose 3%, in line with what economists in a Dow Jones poll had expected.

Nikkei Index, Japanese stock market The market opened at 36,381.40 points, down 61.03 points or -0.17%.

Hang Seng Index Hong Kong Stock Market The market opened at 17,233.68 points, an increase of 59.62 points or +0.34%.

Shanghai Composite Index, Chinese stock market The market opened at 12,844.20 points, down 6.45 points or -0.22%.

S&P/ASX 200 Australian Stock Market Index The market opened at 7,846.6 points, down 4.1 points or -0.05%.

The South Korean stock market is closed today (August 15) for Korean National Day.

refer : cnbc.com

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