Asia-Pacific markets traded mixed on Monday as investors analyzed new Chinese trade data.
Hong Kong’s Hang Seng index fell 0.84%, while the CSI 300 rose 1.11% after Chinese exports jumped more than expected in November.
Foreign shipments rose 5.9% in November in US dollars from a year earlier, beating the 3.8% growth forecast by economists in a Reuters poll. That growth marked a recovery from an unexpected 1.1% drop in October, the first contraction since March 2024.
Japan’s benchmark Nikkei 225 fell 0.14%, while the Topix added 0.25%. South Korea’s Kospi rose 0.35%, and small-cap Kosdaq traded 0.45% higher, SEEbiz reports.
Revisions released by Tokyo on Monday show that Japan’s economy shrank more sharply between July and September than originally estimated. Official data showed GDP fell at an annual rate of 2.3% in the third quarter, worse than the median of economists who had expected a 2.0% decline and the preliminary forecast of a 1.8% decline.
Australia’s ASX/S&P 200 fell 0.17%. Investors will be watching the Reserve Bank of Australia’s upcoming decision as it kicks off its two-day meeting.
