Asian Equities Mixed after China GDP

Asian stock markets were mixed amid choppy trade on Wednesday as the keenly-awaited reading on China’s economy showed first-quarter growth at its slowest pace since the global financial crisis.

Gross domestic product (GDP) expanded 7 percent in the three months to March from the year ago period, according to figures from the National Bureau of Statistics, in line with the forecast in a Reuters poll and the 7.3 percent print in the previous quarter.

Scheduled for release alongside the GDP data are figures for factory output, fixed asset investment and retail sales for March – all of which came in below market consensus, increasing the pressure on Beijing to curb the marked slowdown.