A look at the day ahead in Asian markets from Jamie McGeever.Japan's first quarter GDP figures are the highlight for Asian markets on Wednesday, with the world's third-largest economy expected to have grown at its fastest pace in three quarters thanks to strong services sector spending.A Reuters po
Japan's first quarter GDP figures are the highlight for Asian markets on Wednesday, with the world's third-largest economy expected to have grown at its fastest pace in three quarters thanks to strong services sector spending.
If indicators from Japan have been underwhelming, they've been alarming from China, the world's second-largest economy. The Chinese yuan slipped to its weakest level this year, nudging 6.98 per dollar and Chinese stocks resumed their recent losing streak, reducing the Shanghai composite's year-to-date gains to 6.5 per cent and the blue chip index's YTD gains to 2.75 per cent.Tech giant Tencent reports Q1 earnings on Wednesday, following Baidu's profit- and revenue-beating Q1 results on Tuesday. Perhaps another bright spot on the corporate front will pierce the economic gloom.
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