Asia Pacific markets are mixed; South Korea’s GDP is growing slower in the year

People crossing a street in Causeway Bay, Hong Kong.

Mark Fernandez | Norfoto | Getty Images

Stocks in the Asia-Pacific region were mixed on Thursday as investors digest economic data in the region.

The Hang Seng Index It led gains in the broader region, jumping more than 3% in early trade before paring gains to around 1.74%, boosted by technology stocks. Hang Seng Tech is up more than 4% early in the session and was last up 2.19%.

in Australia , S & P / ASX 200 0.55% gain and Cosby Added 1.52%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.23%.

Japan Nikkei 225 It was 0.19% lower while Topix lost 0.49%. Mainland China Shanghai boat and the Shenzhen Component It was partially lower at the end of the morning session.

South Korea’s third-quarter gross domestic product grew 0.3% from the previous quarter, according to advance official data — the slowest growth since the third quarter of 2021. China’s industrial profits in the January-September period fell 2.3% from a year ago, according to the bureau. National Statistics reported.

On Thursday, the Bank of Japan begins its two-day monetary policy meeting. In corporate news, Samsung Electronics announced its third-quarter earnings after releasing estimates earlier this month.

Overnight on Wall Street, the Nasdaq fell 2.04% to close at 10,970.99. The S&P 500 fell 0.74% to 3,830.60. The Dow Jones Industrial Average rose 2.37 points, almost flat for the day and closed at 31,839.11.

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