Shanghai Bund skyline panorama
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Asia-Pacific markets traded mixed on Monday as investors awaited Chinese trade data to be released later in the day.
Economists polled by Reuters expect Chinese exports to rise 3.8% in November from a year ago, reversing October’s 1.1% decline. Imports are expected to increase by 3% in the same period, up from 1% in the previous month.
Japanese benchmark Nikkei Stock Average The index fell by 0.14%, while TOPIX rose by 0.25%. Korean Kospi was flat, while the small-cap Kosdaq rose 0.45%.
The revised plan announced by the Tokyo metropolitan government on Monday shows Japan’s economy contracted more sharply from July to September than originally expected. According to official data, GDP contracted at an annualized rate of 2.3% in the third quarter, worse than the median forecast of economists for a 2.0% decline and preliminary estimates of a 1.8% decline.
Australia’s ASX/S&P200 index fell 0.17%. Investors will be closely watching the Reserve Bank of Australia’s future decisions as it begins its two-day meeting.
The Reserve Bank of Australia kept the cash rate at 3.60% as of Tuesday and is expected to keep it there until 2026, according to a Reuters survey of economists.
hong kong futures Hang Seng Index It noted that the index was trading at an opening price of 26,121 as against the previous closing price of 26,085.08.
Last Friday, markets in the US took a fresh look at a series of US economic announcements, with the average of the three major stocks closing higher. The S&P 500 rose modestly to seal a fourth consecutive day of victory, closing 0.19% higher at 6,870.40, leaving the index about 0.7% below its intraday record.
The Nasdaq Composite Index rose 0.31% to settle at 23,578.13, and the Dow Jones Industrial Average rose 104.05 points, or 0.22%, to close at 47,954.99.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
