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Showing posts with the label Asia-Pacifc & Europe Markets at Close.

How Did Asia -Pacific & Europe Markets Close on Tuesday June 8, 2021?

 Source: cnbc.com Asia-Pacific stocks mostly slip; Japan's economy shrinks less than expected in the first quarter Eustance Huang 2-3 minutes SINGAPORE — Shares in Asia-Pacific were mostly lower on Tuesday, as investors reacted to the release of Japan's revised first-quarter gross domestic product figures. The Nikkei 225 in Japan shed 0.19% to close at 28,963.56 while the Topix index rose about 0.1% on the day to 1,962.65. Revised government data released Tuesday showed Japan's economy shrank 3.9% in the first quarter, an improvement from the initial estimate of a 5.1% contraction. The revised gross domestic product compared against economists' median forecast in a Reuters poll for a 4.8% contraction. "We expect the economy will experience another contraction in Q2 given the extended restrictions, which will weigh heavily especially on the services sector," Makoto Tsuchiya, assista