Asian stocks were mixed as investors grappled with weak economic data from China and awaited the outcome of a key Communist Party policy meeting in Beijing.

Asian markets displayed mixed reactions as investors considered the implications of the assassination attempt on Donald Trump. China announced that its economy grew at a slower-than-expected annual rate of 4.7%

The yen experienced significant volatility, swinging between losses and gains as investors reacted nervously to potential intervention by Tokyo following a cooler-than-expected US inflation report.

Japan’s Nikkei 225 share index closed Wednesday at a new record high, gaining 0.6% to finish trading at 41,831.99.

Asian shares were mostly lower following strong gains in Europe overnight, while the FTSE 100 climbed in premarket trading after Labour’s overwhelming election victory.

Asian stocks reached 27-month highs as lower-than-expected employment data in the US reduced the likelihood of a rate cut in September.