Stock market today: Japan rises on GDP data; rest of region shaky

Asian shares are trading mixed as Japan’s benchmark jumped on the news of solid economic growth data, while the rest of the region was mired in uncertainty. Japan’s benchmark finished higher, while Australia’s S&P/ASX 200 dipped after a better-than-expected wage increase report. Shares gained in Seoul, but fell in Hong Kong and Shanghai. Japan’s GDP data showed consumption was rebounding after COVID-19-related restrictions were eased and borders opened to tourists. According to the Cabinet Office, Japan’s economy grew at an annual pace of 1.6% in the quarter through March. Concerns about the Chinese economy weighed on sentiments. Oil prices fell.