SINGAPORE — Shares in Asia-Pacific were largely muted in Friday trade as investors reacted to the release of Chinese economic data.

Mainland Chinese stocks declined as the Shanghai composite gained 0.46% while the Shenzhen component slipped fractionally. Hong Kong’s Hang Seng index hovered above the flatline.

China’s gross domestic product surged 18.3% in the first three months of the year from a year ago, the country’s National Bureau of Statistics said Friday. That was slightly lower than expectations for a 19% increase, according to analysts polled by Reuters.

Meanwhile, retail sales jumped 34.2% in March, beating expectations of 28% growth. Industrial production missed expectations as it rose 14.1% in March, against Reuters’ prediction of 17.2% growth.

The Nikkei 225 in Japan was 0.11% higher while the Topix index stood little changed. South Korea’s Kospi was about 0.1% lower.

Australian stocks slipped as the S&P/ASX 200 declined around 0.1%.

Over in India, the Nifty 50 advanced 0.53%. The gains came despite the Covid situation in the country remaining severe, with data released Thursday showing daily virus infections crossing the 200,000 mark.

MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed.

Overnight stateside, the Dow surged 305.10 points to a record close of 34,035.99 — the first time it has crossed the 34,000 level. The S&P 500 also reached a record high, jumping 1.11% to 4,170.42. The Nasdaq Composite climbed 1.31% to 14,038.76.

The U.S. dollar index, which tracks the greenback against a basket of its peers, sat at 91.749 following its weakening earlier this week from above 92.1.

The Japanese yen traded at 108.81 per dollar, having strengthened from levels above 109.6 against the greenback earlier in the trading week. The Australian dollar changed hands at $0.7731, above levels below $0.768 seen earlier this week.

Oil prices were little changed in the afternoon of Asia trading hours, with international benchmark Brent crude futures fractionally higher at $66.98 per barrel. U.S. crude futures hovered above the flatline as they traded at $63.47 per barrel.

— CNBC’s Evelyn Cheng contributed to this report.