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| Version 1 | Version 2 |
|---|---|
| Asian shares lower on negative Japan GDP | Asian shares lower on negative Japan GDP |
| (about 2 hours later) | |
| Asian markets traded lower on Monday on news that Japan's economy contracted for a second consecutive quarter, marking a recession. | Asian markets traded lower on Monday on news that Japan's economy contracted for a second consecutive quarter, marking a recession. |
| Gross domestic product (GDP) fell 1.6% from July to September, compared with the same period last year, below forecasts of a 2.1% rise. | Gross domestic product (GDP) fell 1.6% from July to September, compared with the same period last year, below forecasts of a 2.1% rise. |
| That followed a revised 7.3% contraction in the second quarter. | That followed a revised 7.3% contraction in the second quarter. |
| The benchmark Nikkei index closed down almost 3% to 16,973.80 after hitting a seven-year high of 17,490.83 on Friday. | The benchmark Nikkei index closed down almost 3% to 16,973.80 after hitting a seven-year high of 17,490.83 on Friday. |
| Monday's finish was the biggest one-day drop for the Nikkei since August. | Monday's finish was the biggest one-day drop for the Nikkei since August. |
| The dollar briefly rose above 117 yen before it eased to 115.69 yen. | The dollar briefly rose above 117 yen before it eased to 115.69 yen. |
| Chinese shares traded mixed as investors cheered the first day of trading of the landmark Shanghai-Hong Kong stock connect scheme. | Chinese shares traded mixed as investors cheered the first day of trading of the landmark Shanghai-Hong Kong stock connect scheme. |
| The trading link will let international investors trade Shanghai-listed shares directly for the first time from the Hong Kong Stock Exchange. | The trading link will let international investors trade Shanghai-listed shares directly for the first time from the Hong Kong Stock Exchange. |
| Also under the scheme, investors on the Chinese mainland will be able to trade in Hong Kong shares from the Shanghai Stock Exchange. | Also under the scheme, investors on the Chinese mainland will be able to trade in Hong Kong shares from the Shanghai Stock Exchange. |
| The Hang Seng index lost 1% to close at 23,797 points while the Shanghai Composite ended down 0.2% at 2,474 points. | |
| In Australia, shares fell to three-and-a-half week lows despite news that Australia reached a free trade deal with China, its largest trading partner. | |
| The benchmark S&P/ASX 200 index closed down 0.8% to 5,412.5 - its lowest since 24 October. | The benchmark S&P/ASX 200 index closed down 0.8% to 5,412.5 - its lowest since 24 October. |
| South Korean shares were down 0.1%, with the Kospi at 1,943.63 points. | South Korean shares were down 0.1%, with the Kospi at 1,943.63 points. |