Asian markets closed in green on Monday, tracking another rally in China and following news Greece has finally struck a bailout reform deal with creditors that keeps it in the euro zone. China’s exports picked up unexpectedly in June but imports tumbled again, reinforcing expectations that the government may further loosen policy to lift the Chinese economy after a recent stock market rout. However, imports slid much less than forecasted, leading some to see a silver lining in the latest data. China’s June exports rose 2.8% from a year earlier, while imports fell by 6.1%.That left the country with a trade surplus of $46.54 billion for the month compared to $59.49 billion in the preceding month. Japan’s industrial production fell to a seasonally adjusted -2.1%, from -2.2% in the preceding month while Japanese tertiary industry activity index fell to a seasonally adjusted -0.7%, from -0.2% in the preceding month.
Asian Indices Last Trade Change in Points Change in % Shanghai Composite 3,970.39 92.59 2.39 Hang Seng 25,224.01 322.73 1.30 Jakarta Composite 4,893.92 34.88 0.72 KLSE Composite 1,716.11 0.53 0.03 Nikkei 225 20,089.77 309.94 1.57 Straits Times 3,311.12 31.34 0.96 KOSPI Composite 2,061.52 30.35 1.49 Taiwan Weighted 9,033.92 119.79 1.34