Japans Nikkei 225 Rose 08 After Data Showed Its Economy Returned To Growth During The Spring

Asian Shares Trade Higher After Wall Street Rise and Japan GDP Data Show Growth

Japan's Nikkei 225 rose 0.8% after data showed its economy returned to growth during the spring.

Global shares were mostly higher Thursday after the latest update on U.S. economic growth and corporate earnings.

Asian shares were mostly higher Thursday after the latest update on U.S. economic growth and corporate earnings. The MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3%.

Japan's Nikkei 225 rose 0.8% after data showed its economy returned to growth during the spring. China's Shanghai Composite Index edged up 0.1%.

Hong Kong's Hang Seng Index was little changed, while South Korea's KOSPI rose 0.2%. Australia's S&P ASX 200 gained 0.4%.

The gains in Asia came after Wall Street stocks rose Wednesday, boosted by strong earnings from tech giants Apple and Amazon.

Key Takeaways:

• Asian shares were mostly higher Thursday following positive cues from Wall Street.
• Japan's economy returned to growth during the spring quarter, data showed.
• Strong earnings from tech giants Apple and Amazon boosted Wall Street stocks Wednesday.

What's Next for Asian Markets?

Asian markets are likely to continue to track Wall Street's performance in the near term.

Investors will also be watching for further data on the global economy, including updates on inflation and interest rates.