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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.

Forex: AUD/USD falls below support to 0.9814/16

The AUD/USD has taken a tumble along with its antipodean counterpart Thursday, highlighting the weakness many feared recently would envelop the pair. Indeed, overnight highs at 0.9915 proved to be the lone positive on the day, with the cross now spanning 100 pips down to 0.9814/16 in these moments during European trading – at this juncture the pair is now -0.86% off its opening.
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