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Asian markets end mostly in green on Wednesday

13 Jan 2016 Evaluate

Asian equity markets ended mostly in green on Wednesday after China reported improved exports in December, salving nerves about the world’s second largest economy. Data showed China's exports rose for the first time since June. China's exports unexpectedly rose 2.3 percent in December from a year earlier in yuan terms, after a 3.7 percent drop in the previous month. Imports dropped an annual 4 percent, an improvement over the previous month's 5.6-percent fall. Besides, a rebound in oil prices after seven days of declines also helped spur some bargain hunting in beaten-down shares. Japanese stocks rebounded sharply and posted their first gains of 2016 after better-than-expected China's trade data soothed sentiment and a weaker yen lifted oversold exporters.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,949.60 -73.26-2.42
Hang Seng19,934.88223.121.13
Jakarta Composite4,537.18 24.650.55
KLSE Composite1,642.541.170.07
Nikkei 22517,715.63496.672.88
Straits Times2,696.50 4.720.18
KOSPI Composite1,916.2825.421.34
Taiwan Weighted7,824.61 56.160.72

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