Japan ,Tokyo City skyline, Tokyo Tower. (Photo by: Dukas/Universal Images Group via Getty Images)
Prisma By Dukas | Universal Images Group | Getty Images
Asia-Pacific markets were lower on Friday as Japan released revised second quarter gross domestic product figures. Hong Kong cancelled trade for the whole day due to a storm warning.
Japan’s Nikkei 225 extended losses from Thursday and fell 1.16%, closing at 32,606.84 to erase its past week’s gains. The Topix was down 1.02% and finished at 2,359.02.
Japan’s economy grew 4.8% in the second quarter on a quarter-on-quarter annualized basis, a smaller growth than the 6% seen in the preliminary estimates and lower than the 5.5% expected in a Reuters poll.
Hong Kong’s exchange cancelled trading on Friday after a “black rainstorm” warning as the Asian financial hub saw its heaviest rainfall in 140 years. Under Hong Kong Exchange guidelines, if the black rainstorm signal is not lifted after 12 p.m., there will be no trading for the day.
Mainland Chinese markets were in negative territory, with the CSI 300 down 0.49% and ending the day at 3,739.99.
In Australia, the S&P/ASX 200 ended down 0.2% at 7,156.7 and notched its fourth straight day of losses.
South Korea’s Kospi slid 0.02% and closed at 2,547.68, while the Kosdaq bucked the wider trend and gained 0.86% to end at 914.18.
Overnight in the U.S., the Nasdaq Composite fell for a fourth session Thursday as concerns resurfaced over the Federal Reserve’s interest rate policy path, and whether policymakers will enact another hike this year.
The tech-heavy index sold off 0.89%, while the S&P 500 slipped 0.32%. The Dow Jones Industrial Average added 0.17%.
— CNBC’s Samantha Subin and Brian Evans contributed to this report.
Correction: This story has been updated to reflect that Japan’s economy expanded 4.8% in the second quarter on a quarter-on-quarter annualized basis, and that the Nikkei extended Thursday’s losses.