China and Hong Kong indexes extended losses to the fifth consecutive session, and the People's Bank of China held steady loan prime rates at record low levels for the third consecutive month.
Japan's economy expanded at a faster-than-expected pace in the second quarter, driven by sustained consumer spending and a boost from pre-tariff increases in shipments to the U.S.
Earnings optimism supported benchmark indexes in China and Hong Kong near multi-year highs. Tencent Holdings, Power Assets Holdings, and CK Infrastructure Holdings advanced after the release of financial results.
Japan's benchmark indexes extended weekly gains to nearly 5%, and the broader Topix crossed 3,000 for the first time. SoftBank Group swung to a profit in the latest quarter as the company's investments in artificial intelligence increased in valuations.