3/9, 7:27 AM (Source: TeleTrader)
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Nikkei surges nearly 1% at close after GDP data

Major stock markets in the Asia-Pacific region traded mixed near the end of the session on Tuesday, with the Nikkei leading the gains despite worse-than-expected GDP data published in Japan earlier in the day. Yesterday, Bank of Japan Deputy Governor Masayoshi Amamiya revealed the central bank would cut key interest rates further if it becomes needed in order to address the ongoing crisis.

The Nikkei 225 closed 0.99% higher or 284 points, while the S&P/ASX 200 gained 0.47% at its closing bell. In China, the Shanghai Composite lost 0.62% and the Shenzhen Composite 1.38% at 7:10 am CET, while on the other hand, the Hang Seng advanced 0.63% or 192 points at 7:25 am CET. Finally, the Kospi Composite fell 0.49% a minute later.

Meanwhile, the dollar climbed 0.19% against the yen to trade for 109.1220 at 7:27 am CET.

Breaking the News / ND