Asian markets marginally lower across the board, after data released out of Japan showed that GDP grew less than expected with quarter on quarter growth of 0.3% (0.6% consensus). Meanwhile, Bank of America cut their growth outlook for China, to 7.7% from 8% for 2012. On the corporate front, Nexon Co. fell 8% after the online game developer cut their profit forecast late last week, whilst in Australia Bluescope Steel rose over 30% after agreeing to sell of its operations.

Posted by Philip Ball | Sales and Trading