9/8, 4:52 AM (Source: TeleTrader)
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Asia trades lower after Japan cuts Q2 GDP growth estimate

Asian stock markets were down on Friday after Japan's Cabinet Office reduced its second-trimester quarterly and year-on-year economic growth estimate for the country. In addition, United States Federal Reserve officials continued to insist that "there is work left to do" as inflation remains above target in the globe's strongest economy. Trading on the Hang Seng was suspended after Hong Kong and multiple other Chinese regions were hit by rainfall unseen in several decades, while North Korea warned it built a "tactical nuclear attack submarine."

The Nikkei 225 dropped 0.94% at 4:35 am CET. The Shanghai Composite lost 0.35% at the same time and the Shenzhen Composite Index decreased by 0.70% at 4:50 am CET. The Kospi was down 0.40% at the same time. The S&P/ASX 200 moved 0.37% lower at 4:51 am CET.

The dollar declined 0.07% to ¥147.199 at 4:52 am CET.

Baha Breaking News (BBN) / MS