Asian stock markets trade mixed while oil prices climb higher

The short version

• Tokyo's Nikkei 225 dipped 0.3% despite revised data showing Japan's economy expanded at a 1.4% annualized pace in the second quarter.[Associated Press]
• China reported a 25% year-on-year surge in August exports driven by high demand for automobiles and high-tech goods.[Associated Press]
• Crude benchmarks gained ground, with Brent rising to $97.74 a barrel and U.S. crude reaching $93.13 amid ongoing geopolitical conflict.[Associated Press]
• An economist cautioned that temporary consumption supports are fading and cost pressures may soon erode consumer purchasing power.[Associated Press]

Key facts

• Tokyo's Nikkei 225 index retreated 0.3% to 66,170.34 following reports of a 1.4% annualized GDP growth rate for the April-June period.[Associated Press]
• China posted a 25% annual increase in exports for August, supported by automotive and technology shipments.[Associated Press]
• Brent crude rose 71 cents to $97.74 per barrel and U.S. benchmark crude gained 1.8% to $93.13 per barrel amid conflict involving the U.S. and Iran.[Associated Press]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Asian shares and US futures are mixed, while oil prices creep higherAssociated Press · Wire: associated-press