Tuesday, 8 December 2015

ASIAN MARKET NEWS 09 DECEMBER 2015


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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