Asian markets made a mixed closing on weak Chinese trade data

Most of the Asian markets fell on Friday on the back of weak Chinese trade data that reinforced worries over slowdown in the world's second largest economy. China's General Administration of Customs said exports grew just one percent in July year-on-year to $176.9 billion, while imports rose 4.7 percent to $151.8 billion, cutting the trade surplus to $25.1 billion from $31.7 billion in June. Some profit-taking after a week-long rally also added to selling pressure. Though, investor’s expectations for monetary policy easing capped some losses but Singapore, Taiwan and Indonesian markets despite opening in green fell after China released its trade data.