Most Asian stock indices closed lower after the Chinese economic data. China's gross domestic product increased 7.3% in the third quarter, exceeding expectations for a 7.2% rise, after a 7.5% gain in the second quarter.

China's industrial production climbed 8.0% in September, beating forecasts of a 7.5% increase, after a 6.9% gain in August.

Fixed asset investment in China rose 16.1% in September, missing expectations for a 16.2%, after a 16.5% gain in August.

Retail sales in China increased 11.6% in September, missing forecasts of a 11.8% gain, after a 11.9% rise in August.

Investors speculate that these Chinese economic data would not be enough for additional stimulus measures.

Japan's all industry activity index decreased 0.1% in August, beating expectations for a 0.3% drop, after 0.4% fall in July. July's figure was revised down from a 0.2% decline.

Indexes on the close:

Nikkei 225 14,804.28 -306.95 -2.03%

Hang Seng 23,088.58 +18.32 +0.08%

Shanghai Composite 2,339.66 -17.07 -0.72%