Home Stocks Asia stocks little changed as data shows China’s exports unexpectedly rose in April

Asia stocks little changed as data shows China’s exports unexpectedly rose in April

by Amwal Al Ghad English
stock markets

Asia stocks were little changed on Thursday as a data release showed China’s exports for April exceeding expectations, though a private survey showed the country’s services sector slumping in the same month.

In Japan, the Nikkei 225 added 0.28% to close at 19,674.77 as shares of Tokyo Electron jumped 3.16% while the Topix index shed 0.32% to end its trading day at 1,426.73. South Korea’s Kospi closed largely flat at 1,928.61.

Mainland Chinese stocks dipped on the day, with the Shanghai composite 0.23% lower at about 2,871.52 while the Shenzhen composite slipped 0.115% to around 1,788.21. Hong Kong’s Hang Seng index shed 0.74%, as of its final hour of trading.

Shares in Australia slipped, with the S&P/ASX 200 closing 0.38% lower at 5,364.20.

Overall, the MSCI Asia ex-Japan index declined 0.32%. Markets in Singapore, Malaysia and Indonesia were closed on Thursday for holidays.

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