Asian shares swing; China, Japan stocks hit 11-week highs
November 9, 2015 5:34 am
Asian stocks swerved Monday, with Chinese and Japanese shares touching their highest levels since August 21. Other equities plummeted following below than expected trade data in China last weekend.
According to the General Administration of Customs, exports slid 6.9% in October from a year ago, declining for a fourth month. Imports dropped 18.8%, leaving China with a trade surplus of $61.64 billion.
The Shanghai Composite Index widened its gain to 1.6% by late-morning trade. Japan’s Nikkei extended advances to reach its highest in two and a half months. Hang Seng Index added 0.1%, while South Korea’s Kospi inched down to a one-week trough.
We presume the underlying trend in trade growth continues to devitalize, reflecting existing “weakness in both global demand and fixed asset investment in China,” according to the Bank of America Merrill Lynch.
The material has been provided by InstaForex Company – www.instaforex.com
Asian stocks swerved Monday, with Chinese and Japanese shares touching their highest levels since August 21. Other equities plummeted following below than expected trade data in China last weekend.
According to the General Administration of Customs, exports slid 6.9% in October from a year ago, declining for a fourth month. Imports dropped 18.8%, leaving China with a trade surplus of $61.64 billion.
The Shanghai Composite Index widened its gain to 1.6% by late-morning trade. Japan’s Nikkei extended advances to reach its highest in two and a half months. Hang Seng Index added 0.1%, while South Korea’s Kospi inched down to a one-week trough.
We presume the underlying trend in trade growth continues to devitalize, reflecting existing “weakness in both global demand and fixed asset investment in China,” according to the Bank of America Merrill Lynch.
The material has been provided by InstaForex Company – www.instaforex.com
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