Asian Stock Market: Struggles to cheer upbeat Japan GDP, easing US default woes

S&P500 Futures print mild gains, Japan’s Nikkei 225 renews 20-month high.

Amid these plays, MSCI’s index of Asia-Pacific shares outside Japan remains indecisive with minor losses whereas Japan’srises to a fresh high since September 2021, up 0.80% intraday near 30,080 by the press time. On a broader front, S&P500 Futures print mild gains around 4,135 and defy Wall Street’s downbeat performance whereas the US 10-year and two-year Treasury bond yields print the first daily losses in four by the press time. That said, the US Dollar Index retreats to 102.

On the same line, China’s State Planner National Development and Reform Commission of the People's Republic of China recently mentioned that it'll take measures to unleash consumption potential and to make continuous efforts in stabilizing and expanding manufacturing investment.

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