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 all lower on Friday as Japan released revised second quarter gross domestic product figures.
Japan’s Nikkei 225 extended losses from Wednesday, falling 0.8%, while the Topix was down 0.5%.
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 markets may see limited trading today after the city’s observatory issued a “black rainstorm” warning.
Under Hong Kong Exchange guidelines, the morning session will be cancelled, as the signal is still in force after 9 a.m., and if it extends beyond 12 p.m., there will no trading for the day.
In Australia, the S&P/ASX 200 were down 0.22%. South Korea’s Kospi slid 0.34%, and the Kosdaq fell 0.18%.
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%.
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.
— CNBC’s Samantha Subin and Brain Evans contributed to this report
