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Japanese and Australian markets were mixed on Thursday, after a turbulent trade on Wall Street at night, while data that indicates a contract in the American economy in the first quarter increased the fear of investors for an imminent recession.
Various markets in Asia-Pacific, including South Korea, Hong Kong, China and India, were closed for the holiday of the labor.
The benchmark of Japan Nikkei 225 Stam with 0.58% in early trade, while the wider Topix index rose by 0.1%.
The central bank of the country is widely experienced to be on interst rats with 0.5% in its two-day monetary policy meeting, which is concluded later in the day.
In Australia, the S&P/ASX 200 benchmark fell 0.13%.
US Futures jumped after two of the so-called “Magnificent Seven” Stocks-Meta platforms and Microsoft posted their quarterly results.
In extensive trade, shares of Meta raised more than 4% in the first quarter to stronger than expected income. In the meantime, the shares of Microsoft rose by 8%, after delivering better than expected results at the top and bottom lines in the tax third quarter, as well as a strong result is the result of the Azure Cloud Business and cheerful guidelines.
Overnight Stateside, the S&P 500 and the 30-Stock Dow Jones Industrial Wenge even have their seventh consecutive winning day the volatility.
The broad market index rose by 0.15% to close to 5,569.06, while the Dow Jones index added 141.74 points or 0.35%, which settled at 40,669.36.
In the meantime, the Nasdaq composite ended the day flat at 17,446,34.
– CNBC’s Brian Evans, Sean Conlon and Pia Singh have contributed to this report.
