Asia markets fall as Japan economy grows slower than expected; Hong Kong cancels Friday trading

Asia-Pacific markets were lower on Friday as Japan released revised second-quarter gross domestic product figures. Hong Kong canceled 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.

Source: CNBC