Asian shares show mixed trade

September 7, 2016

On Wednesday, stocks in Asia showed mixed performance with Sydney earning slightly notwithstanding weaker than expected GDP figures.

TheВ S&P/ASX 200В soared 0.14% after second quarter GDP ascended 0.5%В quarter-on-quarter, missing the 0.6% growth observed for a 3.3%В year-on-year. That’s below the 3.4% leap expected.

TheВ Nikkei 225В headed south 0.80% and theВ Shanghai Composite IndexВ earned 0.34%. In Hong Kong the Hang Seng IndexВ traded 0.01% lower.

Elsewhere, on Tuesday, John Williams, San FranciscoВ Federal Reserve Bank President repeated his call for a lift in the Fed's policy rate sooner rather than later, amid indications of continued solid momentum in the US economy in line with the major bank's established policy framework.

Overnight, American shares edged up after the close on Tuesday, as profits in the Oil & Gas, Utilities as well as Telecoms sectors led stocks higher.

At the close in NYSE, theВ Dow Jones Industrial AverageВ ascended 0.25%, while the S&P 500 indexВ grew 0.30%, and theВ NASDAQ Composite indexВ gained 0.50%.

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