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| South Korean shares flat on weak growth | South Korean shares flat on weak growth |
| (about 2 hours later) | |
| South Korea's Kospi index closed flat at 2,065.04 after the economy recorded its weakest expansion in six years. | South Korea's Kospi index closed flat at 2,065.04 after the economy recorded its weakest expansion in six years. |
| Dragged down by the Mers virus and weak exports, GDP in the second quarter grew just 0.3% in the second quarter compared with 0.8% in the first. | Dragged down by the Mers virus and weak exports, GDP in the second quarter grew just 0.3% in the second quarter compared with 0.8% in the first. |
| Further bad news came from South Korean car giant Hyundai, which reported a 24% drop in net profit after overseas sales were weaker than expected. | Further bad news came from South Korean car giant Hyundai, which reported a 24% drop in net profit after overseas sales were weaker than expected. |
| Sales to China, which is Hyundai's biggest market, fell by about 8%. | Sales to China, which is Hyundai's biggest market, fell by about 8%. |
| In Japan, the Nikkei 225 edged up 0.4% to close at 20,683.95. | In Japan, the Nikkei 225 edged up 0.4% to close at 20,683.95. |
| Data released on Thursday showed Japan's trade deficit narrowed sharply last month, as exports picked up on the back of a weaker yen. | Data released on Thursday showed Japan's trade deficit narrowed sharply last month, as exports picked up on the back of a weaker yen. |
| In June, the value of exports jumped 9.5% while imports fell by 2.9% leaving the trade deficit at 69.0bn yen. | In June, the value of exports jumped 9.5% while imports fell by 2.9% leaving the trade deficit at 69.0bn yen. |
| Mainland China stocks extended their recovery on Thursday, rising for a sixth consecutive session. The benchmark Shanghai Composite closed up 2.4% at 4,123.92, while Hong Kong's Hang Seng ended 0.5% higher at 25,398.85. | |
| Australian shares continued to fall, with the ASX 200 index down 0.4% at 5,590.30. Shares in mining companies lost ground again, with BHP Billiton down 2.8% and Fortescue falling 6%. | Australian shares continued to fall, with the ASX 200 index down 0.4% at 5,590.30. Shares in mining companies lost ground again, with BHP Billiton down 2.8% and Fortescue falling 6%. |
| However, gold miner Newcrest bucked the downward trend, rising 2.8% after it reported higher gold production in the three months to June. | However, gold miner Newcrest bucked the downward trend, rising 2.8% after it reported higher gold production in the three months to June. |