• Asian Stocks close: stocks traded lower as markets reacted on corporate earnings reports

Market news

17 July 2014

Asian Stocks close: stocks traded lower as markets reacted on corporate earnings reports

Asian stock indices traded lower as markets reacted on corporate earnings reports. There has been no positive impact of yesterday's better-than-expected China's growth. China's gross domestic product rose 7.5% in the second quarter, exceeding expectations for a 7.4% increase, after a 7.4% in the previous quarter.

The Japanese shares traded lower due to stronger yen. The yen strengthened due to increasing demand for safe-haven currency as the United States announced new sanctions against Russia.

Indexes on the close:

Nikkei 225 15,370.26 -9.04 -0.06%

Hang Seng 23,520.87 -2.41 -0.01%

Shanghai Composite 2,055.59 -11.68 -0.57%

Market Focus
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