Released just before the market open, growth figures for the July-September period were revised down to an annual 1.1 percent gain, well below preliminary estimates for 1.9 percent. Meanwhile, the nation's current account balance unexpectedly swung to a deficit in October.
Emerging markets in focus
India's benchmark Sensex index rallied 1.5 percent, hitting a new all-time high at 21,483 points as investors cheered critical victories by the Bharatiya Janata Party during weekend state elections. That saw the rupee hit a four-month high of 60.83 per dollar.
Meanwhile, Thailand's SET Index erased opening gains to edge down 0.1 percent after prime minister Yingluck Shinawatra dissolved parliament and called for snap elections.
(Read more: Why Thailand's political strife is far from over)
Mainland shares bounced between gains and losses in volatile trade while the yuan scaled a fresh all-time high of 6.0740 per dollar after the People's Bank of China fixed the daily midpoint at a record high for a second consecutive session.
News that Chinese annual inflation slowed to 3 percent in November, from last month's 3.2 percent figure, initially saw the benchmark Shanghai Composite rise above 2,240 points to trade within sight of a new three-month high.
Financials were the main laggards on the index ahead of a key central economic work meeting this week, which is expected to set growth targets for 2014. Pudong Development Bank and Agricultural Bank of China eased over 1 percent each.