Asian shares mixed after Japan GDP beats expectations as investors await China data

Asian Market 1

The Nikkei 225 was down more than 1 percent despite second-quarter Japan GDP surprising to the upside as investors in Asia geared up for the release of a barrage of China data on Monday.

Japan’s benchmark Nikkei 225 index fell 1.05 percent in early trade as markets re-opened after a public holiday last week. Markets appeared to shrug off headlines that the Japanese economy grew at an annualized rate of 4 percent in the second quarter of the year ending in June compared to the previous year. That easily topped the 2.5 percent rise forecast in a Reuters poll.

South Korea’s Kospi rose 0.56 percent after being pressured by geopolitical tensions for most of the last week.

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