Asia-Pacific markets were mixed as China’s economy grew more than expected at 4.5% year-on-year, beating estimates to see growth of 4% in a Reuters poll. The onshore Chinese yuan slightly strengthened following the report.
The Shanghai Composite reversed earlier losses and closed 0.23% up, while the Shenzhen Component climbed 0.04%. In Hong Kong, the Hang Seng Index declined 0.77% as consumer cyclicals and technology dragged down the index.
Japanese markets bucked the trend in the region, with the Nikkei 225 closing up 0.51% at 28,658.83, posting its eight straight day of gains and the Topix gaining 0.69% to end at 2,040.89 as financials and healthcare led the index.