Asia markets gain in early trade as Chinese exports unexpectedly decline

Monday, 9 September 2019 08:08 WIB

Saham Asian Indeks MSCI Asia Pasifikindeks SP/ASX 200 indeks Kospi


Asia markets edged up Monday morning as investors reacted to a series of recent data releases in major economies including the United States and China.

The MSCI Asia ex-Japan index traded 0.12% higher. In Japan, the Nikkei 225 rose 0.4% in early trade while the Topix index added 0.38%.

The Japanese economy grew an annualized 1.3% in the April to June quarter, according to revised data from the Cabinet Office on Monday. That was lower than the initial estimate of a 1.8% expansion, but matched market expectations.

In South Korea, the Kospi added 0.76%, with shares of chipmaker SK Hynix jumping 2.08%. Australia’s S&P/ASX 200 traded largely flat.

Chinese customs data showed the country's exports unexpectedly fell in August, pointing to further weakness in the world's second-largest economy. August exports fell 1% on-year, customs data showed Sunday, while analysts had predicted a 2% rise according to a Reuters poll.

Source : CNBC


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