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| Asian shares mostly up ahead of Chinese growth data | |
| (34 minutes later) | |
| Asian shares opened mostly higher but investors were cautious ahead of growth figures from the world's second largest economy, China, later in the morning. | |
| China's GDP is expected to come in at 6.9% for the second quarter from a year ago - marking its weakest growth since the global financial crisis. | China's GDP is expected to come in at 6.9% for the second quarter from a year ago - marking its weakest growth since the global financial crisis. |
| Investors were also awaiting the Bank of Japan's policy meeting and remarks from the Federal Reserve. | Investors were also awaiting the Bank of Japan's policy meeting and remarks from the Federal Reserve. |
| Japan's benchmark Nikkei 225 was up 0.4% at 20,459.49 points. | |
| The Bank of Japan is to wrap up its two-day meeting on monetary policy on Wednesday with most analysts expecting the central bank to keep interest rates unchanged. | The Bank of Japan is to wrap up its two-day meeting on monetary policy on Wednesday with most analysts expecting the central bank to keep interest rates unchanged. |
| Investors will also be watching for hints regarding the timing of a US interest rate hike in the congressional testimony by US Federal Reserve chair Janet Yellen later on Wednesday. | |
| In China, the Shanghai Composite was lower ahead of the growth data, down 0.8% percent at 3,892.34. | |
| The Hong Kong Hang Seng index was flat at 25,094.35 points. | |
| Iran deal | Iran deal |
| The rest of Asia's shares took the lead from Wall Street, which reacted positively to Iran's deal on limiting nuclear activity in return for the easing of economic sanctions against it. | The rest of Asia's shares took the lead from Wall Street, which reacted positively to Iran's deal on limiting nuclear activity in return for the easing of economic sanctions against it. |
| The agreement is expected to result in a surge of Iranian oil exports to international markets and could affect crude prices. | The agreement is expected to result in a surge of Iranian oil exports to international markets and could affect crude prices. |
| In Australia, the S&P/ASX 200 index was up 0.9% up at 5,627.60 in morning trading. | |
| China is Australia's biggest export market and investors there will be closely watching the growth figures to assess its impact on the country's trade. | China is Australia's biggest export market and investors there will be closely watching the growth figures to assess its impact on the country's trade. |
| South Korea reported its unemployment rate for June at 3.9% - which remained unchanged from the previous month. | South Korea reported its unemployment rate for June at 3.9% - which remained unchanged from the previous month. |
| The country's benchmark Kospi index was up 0.7% at 2,073.05 points. |