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Asian shares mixed with Nikkei easing slightly after steady gains

Published 05/29/2014, 12:07 AM
Updated 05/29/2014, 12:09 AM
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Investing.com - Asian shares were mixed on Thursday in thin trade with the market looking ahead to U.S. GDP data.

Japan's Nikkei 225 index fell 0.05%. The index also notched its longest winning streak of the year Wednesday--five straight days of gains.

The Hang Seng index ended the morning up 0.47% and the Shanghai Composite gained a slight 0.02%.

A 0.3% decline for Australia's S&P/ASX 200 and a flat reading for South Korea's KOSPI followed a lackluster session on Wall Street.

Overnight, profit taking sent U.S. stocks falling as investors took a breather and jumped to the sidelines after four days of solid gains fueled by positive economic data.

The Dow 30 fell 0.25%, the S&P 500 index fell 0.11%, while the NASDAQ Composite Composite index fell 0.28%.

Several sessions of healthy U.S. economic indicators sent share prices ripe for profit taking on Wednesday, especially after investors locked in gains from Tuesday's batch of cheery numbers and jumped to the sidelines.

On Thursday, the U.S. is to release revised data on first-quarter GDP as well as the weekly government report on initial jobless claims and data on pending home sales.

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