Asian Stocks Mixed, Investors Await Further Inflation Clues
- Date: 08-Jun-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Asian Stocks Mixed, Investors Await Further Inflation Clues
By Gina Lee
Investing.com – Asia Pacific stocks were mixed Tuesday morning, but moves remained small. Investors continue to await further clues on the inflation outlook as the global economic recovery from COVID-19 continues.
Japan's edged up 0.16% by 10:32 PM ET (2:32 AM GMT). The country released its earlier in the day, which contracted 1% for the first quarter of 2021. The contraction was smaller than the 1.2% contraction in forecasts prepared by Investing.com but the figure was lower than the previous quarter's 2.8% growth. The GDP contracted 3.9% , again exceeding the 4.8% contraction in forecasts prepared by Investing.com but lower than the previous quarter's 11.7% growth.