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Asian Stocks ends lower on the back of corporate earnings

Asian indices closed mostly lower on Friday’s trade as investors parsed through a batch of corporate earnings in the region.

Japan’s Nikkei 225 slid 0.6% or 119.8 points, to close at 19,959.84. South Korea’s benchmark Kospi index declined 1.73%, or 42.25 points, to end at 2,400.99.

In Australia, the S&P/ASX 200 fell 1.42%, or 82.192 points, to finish the session at 5,702.81, driven by broad-based losses across all sub-indexes. The heavily-weighted financials sub-index was down 1.7% and the health care sub-index tumbled 2.08%.

Hong Kong’s Hang Seng Index slipped 0.55%, or 150.23 points, to close at 26,980.94. On the mainland, the Shanghai Composite closed higher by 0.13%, or 4.3438 points, at 3,254.1252.

The Shenzhen Composite finished the session above the flat line, up 0.12%, or 2.4142 points, at 1,868.37.

South Korea kicked off data releases, announcing that industrial output had slipped 0.2% in June, compared with the month before.