Asia-Pacific markets closed lower on Friday after Japan reported revised second-quarter GDP data. Hong Kong suspended trading for the entire day amid a storm warning. The Nikkei 225 index extended losses from Thursday, falling 1.16% to close at 32,607.84, wiping out its gains of the past week.
The Topix index declined 1.02% to end at 2,360.02. Japan’s economy grew at a 4.8% annualized rate in the second quarter, according to the revised GDP data, below the 6% growth forecast in the preliminary data and below the 5.7% forecast in a Reuters poll.
Hong Kong Exchange Closes Trading After ‘Black Rainstorm’ Warning Hong Kong’s stock exchange shut down trading Friday after a warning of a “black rainstorm” as the world’s largest financial center endured its heaviest rainfall in more than 140 years.
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