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Live updates—Japan GDP, Hong Kong cancelled due to rain

BusinessLive updates—Japan GDP, Hong Kong cancelled due to rain


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, and Hong Kong cancelled the morning trading session due to a storm warning.

Japan’s Nikkei 225 extended losses from Wednesday, and fell 0.9%,while the Topix was down 0.56%.

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 the morning trading session after a “black rainstorm” warning was issued.

Under Hong Kong Exchange guidelines, the morning session has been cancelled if the black rain signal is still in force after 9 a.m. If it is not lifted before 12 p.m., there will no trading for the day.

Mainland Chinese markets were in negative territory, with the CSI 300 down 0.29%.

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


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