On Monday, Asia-Pacific stocks struggled for direction as investors reacted to the Chinese trade data released last Saturday.
Accordingly, China’s exports surged to 27.10% from a year ago in October, surpassing the market estimate of 24.10%.
Consequently, its imports posted at 20.60%, lower than the projected 25.00%.
Overall, the trade balance stood at $84.54 billion, significantly higher than the expected $65.55 billion.
Correspondingly, South Korea’s KOSPI led the losses in Asia-Pacific stocks as it declined 0.99% or 29.47 points to $2,939.80 per share.
Its worst performer, Hankook Steel Co., sank 24.76% or 1.72 points to $5.23 per share.
Also, Hong Kong’s Hang Seng index plummeted 0.57% or 141.88 points to $24,728.63 per share.
Subsequently, pharmaceutical company WuXi Biologics slumped 8.29% or 1.09 points to $12.00 per share.
Conversely, Chinese shares posted gains, opposing the move of other Asia-Pacific stocks.
Its benchmark Shanghai Composite edged up 0.09% to 3.47 points or $3,495.04 per share.
Then, Anhui Quanchai Engine Co. climbed to the top of the index as it advanced 10.03% or 0.20 points to $2.19 per share.
Similarly, the Shenzhen Component index improved 0.03% or 4.90 points to $14,467.52 per share.
Its best performer, Eve Energy Co., a storage battery manufacturer, rocketed 13.67% or 2.42 points to $20.16 per share.
Following the climb, Taiwan’s TAIEX increased 0.35% or 57.51 points to $17,357.84 per share.
Likewise, Singapore’s Straits Times index elevated 0.45% or 14.67 points to $3,257.01 per share.
In India, the BSE SENSEX index lost 0.31% or 184.16 points to $59,882.88 per share.
Moreover, Japan’s Nikkei 225 index weakened 0.30% or 88.60 points to $29,522.97 per share.
Consequently, JFE Holdings, which is mainly engaged in planning business strategies, dipped 11.59% or 1.73 points to $13.16 per share.
Also, GS Yuasa Corp., an electrical equipment manufacturer, slashed 8.54% or 1.87 points to $20.00 per share.
Correspondingly, the TOPIX index shed 0.27% or 5.51 points to $2,035.91 per share.
Then, mental healthcare business Advantage Risk Management Co. tumbled 9.31% or 0.77 points to $7.46 per share.
Elsewhere, Australia’s S&P/ASX200 index curtailed 0.06% or 4.70 points to $7,452.20 per share.
Furthermore, MSCI’s broadest index of Asia-Pacific stocks outside Japan slightly increased 0.02% or 0.12 points to $645.50 per share.
Read also: LBLV review and User Ratings
On Thursday, Reddit shares rose amid its collaboration with OpenAI to train ChatGPT on the…
On Thursday, OpenAI announced a collaboration enabling ChatGPT to train using data from Reddit discussions…
On Thursday, sugar prices extended their losses amid reports indicating lower futures driven by a…
On Wednesday, Nio stock declined after it entered fierce market competition with the debut of…
Robinhood has again become central in another meme stock surge. CEO Vlad Tenev shared that…
On Wednesday, Nio introduced the first offering of its new low-priced Onvo brand, the L60…
This website uses cookies.