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%