Asian Markets Took A Breather After A Big Japanese GDP Report

Markets closed mixed in Asia on Thursday.

Japan’s Nikkei fell 0.4%.

Australia’s S&P/ASX fell 0.5%.

Korea’s Kospi climbed 0.8%.

Hong Kong’s Hang Seng climbed 0.3%.

China’s Shanghai Composite advanced by 1.2%.

The market action followed a big GDP report in Japan where Abenomics appeared to have caused the economy to surge by 3.5% year-over-year in Q1.  Economists were looking for a 2.8% growth rate.

Yesterday, the Nikkei breached the 15,000 level for the first time since January 2008.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.