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Asian shares mixed after China data

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HONG KONG - Asian shares were mixed Wednesday as downbeat data from China and Japan sparked renewed concerns for growth in the region's two biggest economies. 

Tokyo shrugged off early losses to close 0.35%, or 52.32 points, higher at 15,213.63, despite data which showed the Japanese economy contracted sharply in the latest quarter as a sales tax increase slammed the breaks on household spending.

Shanghai ended flat at 2,222.88 and Hong Kong closed up 0.81%, or 200.93 points, at 24,890.34 as new statistics showed key indicators including industrial production slowed in July.

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