Asian equity markets give mixed results Thursday amidst plunging commodities

FXstreet.com (Barcelona) - Asian equities gave checkered results Thursday, with Chinese stocks outperforming Japanese ones by a considerable margin. The big story of the overnight session was the robust performance of the Japanese economy in Q1, as GDP Annualized grew 3.5%, beating expectations of +2.8%. Moreover, GDP (QoQ) climbed +0.9%, exceeding projections that called for only +0.7%.

Beginning with the indices and composites, the Shanghai rose +1.21% as it settles in region of 2251.81, up +27.01 points in these moments. In addition, the Nikkei 225 is trading in negative territory, operating at 15037.24, contracting -58.79 points or -0.39% at the time of writing. Finally, the Hang Seng Index has edged higher today, trading in the zone of 23082.68, presently +0.17% after a movement of +38.44 points.

Moving to commodities the prices of gold and silver are trading at USD $1371.68 and $22.16 per oz. respectively. Moreover, the price of crude is operating at USD $93.40/bbl Thursday.