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Asian shares mixed after Japan posts contraction

Published on Aug 13, 2014 11:35 AM

HONG KONG (AFP) - Asian shares were mixed Wednesday, with the Tokyo market shrugging off data showing a contraction in the Japanese economy as investors awaited the release of key US and Chinese data.

Japan's benchmark Nikkei 225 index added 0.16 per cent by midday after the government announced that the world's number three economy shrank by 1.7 per cent quarter on-quarter in the April-June period as a sales tax hike dented activity.

Shanghai was up 0.12 per cent while Hong Kong traded flat ahead of the government's release of key data for July, including retail sales and industrial output, later Wednesday.

Seoul was up 0.29 per cent but Sydney was down 0.36 per cent.

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