Asian markets ended mostly higher on Thursday after China reported stronger-than-expected rebound in exports in July despite a protracted trade war with the United States. China's central bank fixed the Yuan weaker above 7 per dollar, the first time in a decade, but it was not as weak as many had expected. On the other hand, Oil prices jumped after seeing sharp declines the previous day on expectations that producers may reduce supply to support the market. Chinese shares ended higher after data showed Chinese exports rose 3.3 percent in July, compared to forecasts for a 2 percent drop, while imports fell less than the expected. Further, Japanese shares ended modestly higher and the yen's appreciation against the dollar slowed after Japan approved its first shipment of restricted goods to South Korea.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,794.55 | 25.87 | 0.93 |
Hang Seng | 26,120.77 | 123.74 | 0.48 |
Jakarta Composite | 6,274.67 | 70.47 | 1.14 |
KLSE Composite | 1,616.02 | 11.32 | 0.71 |
Nikkei 225 | 20,593.35 | 76.79 | 0.37 |
Straits Times | 3,168.94 | -15.75 | -0.49 |
KOSPI Composite | 1,920.61 | 10.90 | 0.57 |
Taiwan Weighted | 10,494.49 | 108.31 | 1.04 |
