Home World Mainland stocks subdued as China reports its exports and imports rose; Hong Kong pauses trading

SINGAPORE — Trading in Hong Kong was suspended on Tuesday morning due to Typhoon Nangka, while other Asia-Pacific markets traded mixed.

Mainland Chinese stocks dipped, as the Shanghai composite shed about 0.5% while the Shenzhen component declined 0.147%.

China’s exports rose 10.2% in the third quarter from a year ago in yuan-denominated terms, the national customs agency said Tuesday. The country is set to release U.S. dollar-denominated trade figures for September later on Tuesday.

In Japan, the Nikkei 225 dipped 0.14% while the Topix index traded 0.11% lower. South Korea’s Kospi declined 0.59%.

Shares in Australia led gains among the region’s major markets, as the S&P/ASX 200 gained about 1.1%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.11% lower.

Shares of Apple suppliers mixed

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.173 following its decline last week from levels above 93.6.

The Japanese yen traded 105.35 per dollar after strengthening from levels around 105.6 against the greenback yesterday. The Australian dollar was at $0.7166, still above levels below $0.715 seen last week.

Oil prices were slightly higher in the morning of Asian trading hours, with international benchmark Brent crude futures up fractionally at $41.74 per barrel. U.S. crude futures were above the flatline, trading at $39.44 per barrel.

Source: CNBC

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