Asian stocks drifted on Wednesday as investors remained cautious amid uncertainty over potential conflict in Ukraine and Iraq plus new numbers showing a slowdown in Japan’s economy.KEEPING SCORE: Japan’s Nikkei 225 was up 0.2 percent to 15,186.10. Hong Kong’s Hang Seng shed 0.1 percent to 24,662.88. China’s Shanghai Composite dropped 0.6 percent to 2,207.30 and Australia’s S&P/ASX 200 fell 0.3 percent to 5,515.20. Seoul’s Kospi added 0.6 percent to 2,053.75.JAPAN SLOWS: Government figures showed Japan’s economy shrank at an annual pace of 6.8 percent in the second quarter after spending got slammed by a sales tax hike that kicked in …read more
Source: The Jakarta Post
