Asia Mostly Higher on China Trade Figures

Thursday, January 14, 2021 Asia Mostly Higher on China Trade Figures Stocks in Asia-Pacific were mixed on Thursday as investors regionally reacted to Chinese trade data for December. The Nikkei 225 popped 241.67 points, or 0.9%, to 28,698.26 The Japanese yen traded at 104.06 per U.S. dollar, following an earlier high of 103.77 against the greenback. The Hang Seng index in Hong Kong recovered 261.26 points, or 0.9%, to 28,496.26. The Australian dollar changed hands at $0.7748, having seen an earlier low of $0.7726. CHINA In Shanghai, the CSI 300 slid 107.51 points, or 1.9%, to 5,540.46. China’s exports rose 18.1% in December as compared with a year earlier, according to customs data released Thursday. That was higher than expectations for a 15% increase by analysts. Meanwhile, China’s imports grew 6.5% year-on-year in December, as compared with expectations for a 5% rise. In other markets In Korea, the Kospi index eked up 1.64 points, or 0.1%, to 3,149.93 In Singapore, the Straits Times tacked on 22.49 points, or 0.8%, to 3,000. In Taiwan, the Taiex Index deducted 62.79 points, or 0.4%, to 15,707.19. In New Zealand, the NZX 50 skidded 4.4 points to 13,115.88. In Australia, the ASX 200 added 28.75 points, or 0.4% to 6,715.35.
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