Asian markets higher after Japan trade balance

Monday, 19. August 2019 05:04

Asian markets traded higher on Monday after the release of Japan's trade balance, which revealed that the country's trade deficit widened in July to ¥249.6 billion. Japan reported that its exports fell by 1.6% while its imports were down by 1.2%.

Meanwhile, United States President Donald Trump lowered the prospects of reaching a trade deal with China anytime soon by saying that he is not ready to seal the deal yet and claiming that the world's second largest economy needs it more than the US.

The Japanese Nikkei added 0.52% at 4:57 am CET. The Hong Kong's Hang Seng jumped 1.82% at the same time.

Shenzhen Composite gained 1.50% at 4:59 am CET, the South Korean Kospi Composite rose 0.57% at the same time.

The Australian S&P/ASX 200 was up 1.54% at 5:00 am CET.

The US dollar traded flat against the yen, going for ¥106.331 at 5:01 am CET.

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