Nikkei down despite strong economic data
Kospi trades higher Japan
posted two consecutive days of positive economic data. On Tuesday, the revised
third quarter gross domestic product (GDP), the broadest measure of economic
health, number showed the economy was not in technical recession as indicated
by the preliminary data.
On Wednesday, October core machinery orders, a measure
of capital spending in the economy, rose unexpectedly by 10.7 percent on-month,
against a Reuters poll of economists that predicted a 1.5 percent decline. Core
machinery orders rose 10.3 percent on-year, also beating expectations.
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