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Asian markets mostly flat amid holiday lull; Japan's growth missed forecasts, but Nikkei rose.
Asian stock markets were largely flat due to holiday-related light trading, with Japan's economy growing just 0.1% annualized in the December quarter—well below the 1.6% forecast—dragged down by weak government spending.
Despite the disappointing data, Japan's Nikkei rose 0.2% after a 5% gain the prior week.
South Korea’s tech-heavy index jumped 8.2% and Taiwan’s gained nearly 6% over the week.
MSCI’s Asia-Pacific ex-Japan index edged up 0.1%.
Markets remained quiet as China, South Korea, Taiwan, and the U.S. were closed.
Investors await Friday’s global manufacturing surveys and U.S. fourth-quarter GDP, forecast at 3.0% annualized, down from 4.4% but still strong.
Los mercados asiáticos se mantuvieron en su mayoría estables en medio de la pausa de las vacaciones; el crecimiento de Japón no cumplió con las previsiones, pero el Nikkei subió.