Asia stocks mostly up after China data, eyes on Fed

Asian markets mostly rose Wednesday after data showed China's economy grew more than expected in the second quarter, although Shanghai and Hong Kong sank on fears the news will likely put off any fresh growth-boosting measures. Investors are also awaiting testimony later in the day from US Federal Reserve chief Janet Yellen on the bank's plans for hiking interest rates. China's National Bureau of Statistics said the world's number two economy expanded 7.0 percent year on year