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Asian markets end mostly higher on better than expected Chinese trade data

10 Jan 2013 Evaluate

Asian markets ended mostly higher on Thursday on the back of stronger-than-expected Chinese trade data, which raised the hopes for recovery in the world's second-largest economy. Chinese shares closed higher as its exports grew 14.1% in December from a year ago, while imports grew 6% on the year, double the forecast, boosting the country's trade surplus to $31.6 billion, from a surplus of $19.6 billion in November and sharply above a forecast of $19.7 billion. Moreover, Hang Seng and South Korea's Kospi Composite also turned positive after the trade data. Japan's Nikkei extended early sessions’ gains and went home with green mark as the yen resumed its weakening trend.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,283.66

8.32

0.37

Hang Seng

23,354.31

135.84

0.59

Jakarta Composite

4,317.37

-45.56

-1.04

KLSE Composite

1,684.57

-5.36

-0.32

Nikkei 225

10,652.64

74.07

0.70

Straits Times

3,226.25

5.84

0.18

KOSPI Composite

2,006.80

14.99

0.75

Taiwan Weighted

7,811.64

73.00

0.94

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