Asian stock exchanges closed without a single direction on Monday (8) as investors digested data on the Chinese trade balance and the US labor market.
The Japanese Nikkei index fell 0.35% in Tokyo today to 29,507.05 points, while the Hang Seng index fell 0.43% in Hong Kong to 24,763.77 points, and the South Korean Kospi edged 0.31% in Seoul, at 2960.20 points.
In mainland China, the day was one of moderate gains. The Shanghai Composite rose 0.20% to 3,498.63 points, and the less comprehensive Shenzhen Composite advanced 0.48% to 2,417.97 points. Taiex also ensured positive performance in Taiwan, up 0.68%, to 17,415.30 points.
Over the weekend, official figures showed that China’s exports expanded 27.1% year-on-year in October, beating expectations and helping the country record a record trade surplus of US$ 84.54 billion. On the other hand, Chinese imports advanced less than expected in the same comparison, with an increase of 20.6%.
Earlier, on Friday, the US released a better-than-expected monthly employment report, corroborating the Federal Reserve’s recent decision to begin withdrawing monetary stimulus through a process. known as “tapering”. This week, investors will follow the update of the US consumer price index (CPI), which has been holding high for longer than previously thought.
In Oceania, the Australian stock market ended today’s trading session at a marginal low. The S&P/ASX 200 fell 0.06% in Sydney to 7,452.20 points.
Reference: CNN Brasil
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