In Japan, the Nikkei 225 gained 0.89% in early trade while the Topix index advanced 0.66%.
Japan’s economy shrank at an annualized rate of 5.1% in January to March, government data showed Tuesday. On a seasonally adjusted basis, gross domestic product in January-March fell 1.3% quarter-on-quarter, slightly lower than expectations in a Reuters poll for a 1.2% decline. That came as resurgent Covid infections in the country snapped two quarters of consecutive growth.
South Korea’s Kospi edged 0.55% higher. The S&P/ASX 200 in Australia rose 0.32%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded around 0.1% higher.
Looking ahead, minutes from the Reserve Bank of Australia’s May policy meeting are set to be out at 9:30 a.m. HK/SIN.
Reference: CNBC
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