Stock markets in the Asia-Pacific region show a mixed picture with investors assimilating data on trading in China that was announced over the weekend.
Particularly, China’s exports remained strong in October, a positive sign for an economy struggling to cope with electricity shortages and coronavirus.
The country’s customs service announced that exports amounted to $ 300.2 billion, higher by 27.1% compared to the previous year.
The second largest economy in the world grew by 4.9% in the quarter to September, lower than + 7.9% in the previous quarter.
China’s trade surplus in October stood at $ 84.5 billion, up from $ 66.8 billion a month earlier.
Meanwhile, Japan cut economic estimates for the first time in two years, as the key index extended its decline in September, to the lowest level of the year.
The index showed that the current economic conditions, consisting of data on factory production, employment and retail sales, fell by 3.8 points compared to the previous month, to 87.5 points.
In this climate, the mainland China is recovering from the losses of the previous days, with the Shanghai Composite adding 0.1% and Shenzhen scoring marginal gains.
In the Hong Kong the Hang Seng index is down 0.57%. Kospi in South Korea records the largest losses, down 0.93%.
In Japan The Nikkei 225 is down 0.31%, while the Topix is ​​down 0.3%. Australia is also in negative territory, with the S & P / ASX 200 falling 0.21%.
In Taiwan Taiex rose 0.37%, while the Straits Times index at Singapore increased by 0.46%.
The broader MSCI Asia-Pacific Index fell 0.24%.
Oil prices rose in trading in Asia, with Brent futures gaining 0.92% to $ 83.50 a barrel. US crude adds 1.05% to $ 82.12 a barrel.
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I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
