13.08.201404:17:49UTC+00Japanese stocks fluctuate as GDP data weighs in

Japanese stocks are mixed in the trading session with investors taking in consideration the weaker second-quarter economic data amid the geopolitical situation across the globe.

The Topix Index added 0.2% to 1,260.59, 12:33 pm, Tokyo time. Earlier in the trade, the index has lost as much as 0.3%. The trend showed that for every five shares the climbed, three dropped. The volume was 18% lower than the 30-day intraday average as the nation go into the week’s Obon holidays. The Nikkei 225 Stock Average added 0.2% to 15,184.38.

The largest advertising agency in japan, Dentsu Inc. added 2.8% following a reduced quarterly decline. Social media giant, Mixi Inc. jumped by 5.4% extending its two-day daily limit soar bolstered by the company’s share-price being raised to three-fold by the Mitsubishi UFJ Morgan Stanley Securities Co. Among the Topix’s 33 industry groups, the energy explorers were the biggest laggards as led by Inpex Corp. who fell by 1.1%.

Equities manager at SMBCC Nikko Securities Inc., Hiroichi Nishi, commented to Bloomberg that the decline in GDP has been already priced in. Nishi adds that a lot market participants are on summer vacation and as the corporate earning reports season end, the market doesn’t have enough energy because of the absence of catalysts.

Japan’s GDP fell by 6.8% for the year in the past three months up until June according to the Cabinet Office.