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Shares Mixed in Asia After Wall Street Advance

WorldNews Thursday, 23 July 2020 ()
Shares Mixed in Asia After Wall Street AdvanceShares were mixed in Asia on Thursday, with the region’s biggest market in Tokyo closed for a four-day weekend. Benchmarks rose in Hong Kong, Sydney and Shanghai but fell in Seoul and Taiwan. The Kospi in Seoul lost 0.5% to 2,217.01 after South Korea reported that its economy contracted 3.3% in April-June after shrinking 1.3% in the first quarter. In annual terms, the economy contracted at a 2.9% pace. Exports fell 16.6%, the central bank reported in a statement on its website. Australia’s S&P/ASX 200 added 0.4% to 6,098.30. The latest flare-up in tensions between Washington and Beijing appeared not to have swayed investors in Asia, where Hong Kong’s Hang Seng gained...
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