Asia-Pacific markets were mixed on Tuesday as China’s July trade came in lower than expected.
In Japan, the Nikkei 225 index gained 122.73 points, or 0.4%, Tuesday to 32,377.29, to take its winning streak to three days, as the country’s household spending remained in negative territory for the fourth straight month. Overall household spending fell 4.2% year on year in June, compared with 4% in May.
In Hong Kong, the Hang Seng collapsed 353.75 points, or 1.8%, to 19,148.17.
Australian markets climbed marginally.
CHINA
In China, the CSI 300 faded 10.42 points, or 0.3%, to 3,979.73.
China saw a 14.5% year-on-year drop in exports, while imports came in 12.4% lower year-on-year. Economists polled by Reuters expected a 12.5% slide in exports and a 5% drop in imports.
In other markets
In Singapore, the Straits Times Index poked ahead 3.92 points, or 0.1%, to 3,313.79.
In Taiwan, the Taiex index stumbled 118.93 points, or 0.7%, to 16,877.07.
In Korea, the Kospi Index retreated 6.73 points, or 0.3%, to 2,573.98.
In New Zealand, the NZX 50 slipped 65.49 points, or 0.6%, to 11,868.75.
In Australia, ASX 200 eked up 1.94 points to 7,311.14.
