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Asia shares trade higher as investors await Chinese inflation numbers, Japan GDP beats expectations

2019-08-09 09:05:23       source:CNBC

August 9, 2019

Stocks in Asia Pacific traded higher Friday morning, as investors waited for the release of Chinese inflation data. Meanwhile, Japan’s economy grew more than expected in the period from April to June.

In Japan, the Nikkei 225 gained 0.87% in early trade, as shares of index heavyweight and conglomerate Softbank Group added 1.15%. The Topix index also rose 0.79%.

Over in South Korea, the Kospi advanced 0.87% as industry heavyweight Samsung Electronics’ stock gained 1.17%. Australia’s S&P/ASX 200 also rose 0.28%.

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