Asia-Pacific markets traded mixed on Monday as investors parsed fresh trade data from China.
The Nikkei 225 recovered 90.03 points, or 0.2%, to 50,581.94.
Revisions released by Tokyo on Monday show Japan’s economy shrank more sharply between July and September than first estimated. Official data showed that third-quarter GDP fell at an annualized rate of 2.3%, worse than economists’ median forecast of a 2.0% drop and a preliminary reading of a 1.8% decline.
In Hong Kong, the Hang Seng lost 319.72 points, or 1.2%, to 25,765,36.
Australian markets dipped slightly. Investors will be keeping an eye on the upcoming Reserve Bank of Australia decision as it kicks off its two-day meeting.
According to a Reuters poll of economists, the Reserve Bank of Australia is expected to maintain its cash rate at 3.60% on Tuesday and keep it there through 2026.
CHINA
The CSI 300 in Shanghai headed north 37.22 points, or 0.8%, to 4,621.75, after China’s exports jumped more than expected in November.
Outbound shipments surged 5.9% in November in U.S. dollar terms from a year earlier, beating economists’ forecast for a 3.8% growth in a Reuters poll. That growth marked a rebound from an unexpected 1.1% drop in October, the first contraction since March 2024.
Shares of Moore Threads, a Beijing-based graphics processing unit (GPU) manufacturer, slipped over 5% after soaring by more than 400% on its Shanghai debut last Friday following a $1.1-billion listing. The stock closed at 600.500 yuan, over five times its IPO price of 114.28 yuan.
In other markets
In Korea, the Kospi gained 54.8 points, or 1.3%, to 4,154.85
In Singapore, the Straits Times Index shed 24.28 points, or 0.5%, to 4,507.08.
In Taiwan, the Taiex popped 322.89 points, or 1.2%, to 28,303.78.
In New Zealand, the NZX 50 nicked higher 2.33 points to 13,486.32.
In Australia, the ASX 200 subtracted 10.14 points, or 0.1%, to 8,624.44.
