Shares were mostly higher Monday in Asia after U.S. stocks edged back from their all-time high following a weaker than expected report on the U.S. economy. This was reported by Qazaqyia.kz citing Associated Press.
Tokyo's Nikkei 225 index gained 0.3% to 68,929.33 after the Japanese government reported the economy grew slightly faster than forecast in the April-June quarter, expanding at a 1.1% annual pace even as private spending and investment stayed flat and export growth slowed. In quarterly terms, the economy grew 0.3% in the second quarter of the year.
In Hong Kong, the Hang Seng picked up 1.6% to 25,521.99, while the Shanghai Composite index rose 0.8% to 3,960.19. Markets in South Korea were closed for a holiday.
In Australia, the S&P/ASX 200 slipped 0.4% to 9,076.90. Taiwan's Taiex gained 0.5%, while the Sensex in India fell 0.5%.
On Friday, The S&P 500 fell 0.2% following a report that showed shoppers spent less at U.S. retailers last month. Such data could help the Federal Reserve decide on interest rate cuts.