SINGAPORE — Asia-Pacific stocks were mixed in Thursday trade, with investors watching for market reaction to China’s trade data for May that performed above expectations.
The Shanghai Composite in mainland China slipped 0.49% while the Shenzhen Component dipped 1.336%. Hong Kong’s Hang Seng index shed around 0.2%.
China’s exports jumped 16.9% in May as compared with a year ago, Reuters reported Thursday. That bested expectations by analysts in a Reuters poll for a 8% rise. Imports were also higher than expected, rising 4.1% against expectations for a 2% increase, according to Reuters.
In Japan, the Nikkei 225 was 0.22% higher as shares of Fast Retailing and SoftBank Group both jumped more than 2% each while the Topix index climbed 0.19%. South Korea’s Kospi declined 0.47%.Over in Australia, the S&P/ASX 200 dropped 0.85%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.42% lower.
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