Asia Mixed on Oil Price Jump

Shares in Asia-Pacific were mixed on Monday as investors reacted to China’s trade data released over the weekend.

In Japan, the Nikkei 225 dumped 104.52 points, or 0.4%, to 29,507.05.

The Japanese yen traded at 113.55 per U.S. dollar, stronger than levels above 114 seen against the greenback last week.

In Hong Kong, the Hang Seng dropped 106.74 points, or 0.4%, to 24,763.77.

The Australian dollar changed hands at $0.74 after last week’s drop from above $0.75.

CHINA

In China, the CSI 300 eked up 5.83 points, or 0.1%, to 4,848.18

Official data released over the weekend showed China’s exports surging 27.1% in October as compared with a year ago. That was higher than the 24.5% growth forecast by analysts in a Reuters poll.

In other markets

In Taiwan, the Taiex regained 218.04 points, or 1.3%, to 17,296.90

In Singapore, the Straits Times Index gained 21.56points, or 0.7%, to 3,263.90

In Korea, the Kospi index slipped 9.07 points, or 0.3%, to 2,960.20.

In New Zealand the NZX 50 fell 33.31 points, or 0.3%, to 13,031.30.

In Australia, the ASX 200 lost 4.73 points at 7,452.21.