The Asian markets barring Straits Times concluded Monday’s trade in green after strong economic data from the Asia’s largest economy helped sentiment. China posted its biggest trade surplus in almost five years, as soaring exports ran ahead of modest import growth, potentially resurrecting a source of friction with the US. In November, China’s trade surplus rose to $33.8 billion from $31.1 billion the month before. China’s consumer-price inflation slowed slightly in November on an annual basis, coming in just below expectations, while wholesale-price deflation also eased slightly. The consumer price index rose 3% from a year earlier, while slipping 0.1% compared to October, according to reported data from the National Bureau of Statistics.
Japan unexpectedly swung into a current account deficit in October as its massive goods and services trade deficit eradicated the benefits of solid income from overseas investment. The 127.9 billion yen deficit in the current account, the broadest measure of Japan’s trade with the rest of the world, was much worse than the 420.8 billion yen surplus than the country registered a year earlier.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2238.20 | 1.09 | 0.05 |
Hang Seng | 23811.17 | 68.07 | 0.29 |
Jakarta Composite | 4214.34 | 33.55 | 0.80 |
KLSE Composite | 1841.87 | 14.92 | 0.82 |
Nikkei 225 | 15650.21 | 350.35 | 2.29 |
Straits Times | 3113.64 | -0.53 | -0.02 |
KOSPI Composite | 2000.38 | 19.97 | 1.01 |
Taiwan Weighted | 8444.62 | 76.90 | 0.92 |
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