SINGAPORE – Shares in Asia-Pacific were mixed in trading on Tuesday as data showed China’s August trade data exceeded expectations.
The Shanghai composite in mainland China increased 0.64%, while the Shenzhen component advanced 0.233%. Hong Kong’s Hang Seng index gained 0.89%.
China’s exports rose 25.6% year-on-year in August, customs data showed on Tuesday, above expectations for a 17.1% rise in analysts in a Reuters poll.
The Nikkei 225 in Japan rose 0.79%, while the Topix index rose 0.92%, and the country’s shares continued to rise after two consecutive days of solid earnings trading. This happens when investor sentiment is bolstered by the prospect of more stimulus that would have been called for by Prime Minister Fumio Kishida’s candidate.
Elsewhere, Kospi, South Korea, fell 0.5%. The S & P / ASX 200 in Australia fell 0.13%, ahead of the Bank of Australia’s forecast rate announcement at 12:30 HK / SIN on Tuesday.
MSCI’s broader Asia-Pacific stock index outside of Japan traded 0.16% higher.
U.S. markets closed Monday for the holidays.
Coins and oils
The U.S. dollar index, which tracks the greenback against a basket from its peers, stood at 92,129, still above 92.4 levels seen last week.
The Japanese yen was trading at 109.76 per dollar, stronger than levels above the 110.1 seen against the green dollar last week. The Australian dollar changed hands at $ 0.7444, largely keeping gains after going below $ 0.738 last week.
Oil prices mixed in the morning of business hours in Asia, and international benchmark Brent crude futures rose 0.44% to $ 72.54 a barrel. US crude oil futures fell 0.25% to $ 69.12 a barrel.