Shanghai Bund skyline panorama
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Japanese benchmark Nikkei Stock Average rose 0.18% to 50,581.94, while TOPIX rose 0.65% to close at 3,384.31. Korean Kospi rose 1.34% to 4,154.85, while the small-cap Kosdaq rose 0.33% to close at 927.79.
The revised plan announced by the Tokyo metropolitan government on Monday shows Japan’s economy contracted more sharply from July to September than originally expected. According to official data, GDP contracted at an annualized rate of 2.3% in the third quarter, worse than the median forecast of economists for a 2.0% decline and preliminary estimates of a 1.8% decline.
Australia’s ASX/S&P 200 index fell 0.12% to 8,624.4. Investors will be closely watching the Reserve Bank of Australia’s future decisions as it begins its two-day meeting.
indian nifty 50 It fell by 0.65%. shares of indigo Shares fell more than 5% after India’s aviation regulator warned the airline on Saturday of possible regulatory action after it canceled thousands of flights last week and left passengers stranded.
The cancellations also prompted government intervention to curb soaring airfares caused by the disruption. IndiGo, the country’s largest airline, cited a shortage of pilots.
The Reserve Bank of Australia kept the cash rate at 3.60% as of Tuesday and is expected to keep it there until 2026, according to a Reuters survey of economists.
Shares in Beijing-based graphics processing unit (GPU) maker Moore Thread fell more than 5% after soaring more than 400% in its Shanghai debut last Friday when it listed for $1.1 billion. The stock price closed at 600.500 yuan, more than five times the public price of 114.28 yuan.
Last Friday, markets in the US took a fresh look at a series of US economic announcements, with the average of the three major stocks closing higher. The S&P 500 rose modestly to seal a fourth consecutive day of victory, closing 0.19% higher at 6,870.40, leaving the index about 0.7% below its intraday record.
The Nasdaq Composite Index rose 0.31% to settle at 23,578.13, and the Dow Jones Industrial Average rose 104.05 points, or 0.22%, to close at 47,954.99.
—CNBC’s Sean Conlon, Pia Singh and Anniek Bao contributed to this report.
