Advent of Trump Turns Asia Stocks Mixed

Asian markets were a mixed bag on Friday after China's latest set of economic data suggest the economy is recovering, even as risk sentiment sours ahead of Donald Trump's inauguration.

The Nikkei 225 Index gained 65.66 points, or 0.3%, to 19,137.91

The Hang Seng Index in Hong Kong dropped 164.05 points, or 0.7%, to 22,895.91

Shares of Panasonic were up 1.3%, after it announced an extension of its partnership with Tesla beyond batteries and into autonomous driving technology.

Japanese brewery Kirin Holdings saw its stock jump 1.3% after Brazilian financial newspaper Valor Economico reported that Kirin would sell its Brazilian beer operations to Heineken.

The yen strengthened above the 115 handle to trade at 114.59 against the U.S. dollar, after the European Central Bank left monetary policy unchanged and maintained its bond-buying program on Thursday.

Australian markets finished lower, dragged by material and financial plays, but the Australian dollar remains on track to finish higher for the fourth straight week

Biotech company CSL bucked the trend to extend its rally to trade up 2.8%, after it lifted its full-year profit forecast to 18-20% growth from 11% announced in August.

CHINA

In Shanghai, the CSI 300 added 25.6 points, or 0.8%, to 3,354.89

China's economy grew 6.8% in the fourth-quarter from the previous year, slightly better-than-expected, on the back of government spending and record bank lending.

For the full year of 2016 and in on-year terms, the economy expanded 6.7% as industrial output grew 6%, while fixed asset investments rose 8.1%, and retail sales jumped 10.9%.

In other markets

In Korea, the Kospi faded 7.18 points, or 0.4%, to 2,065.66

The Straits Times Index in Singapore gained 2.86 points, or 0.1%, to 3,011.08

In Taiwan, the Taiex Index regained 13.34 points, or 0.1%, to 9,331.46

In New Zealand, the NZX 50 moved down 13.89 points, or 0.2%, to 7,048.47

Australia's ASX 200 subtracted 37.43 points, or 0.7%, at 5,654.75