Japan stocks fall after economy contracts, other markets up

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Japanese stocks sank while other Asian markets gained Monday after Japan reported a record economic contraction amid the coronavirus pandemic.

Investors in Asia looked ahead to central bank meetings this week in China, Indonesia and the Philippines, with few other market-moving events in sight.

The Shanghai Composite Index rose 2.3% to 3,436.30 and Hong Kong's Hang Seng gained 1.3% to 25,505.82. South Korean markets were closed for a holiday.

 

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Seol

Sydney market down to see here. Citing

Not true Seol Korea KRW. Down around 1.23% atm. Likely from covid returning.

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