Asian stocks lower ahead of China's trade balance data

Wednesday, 07. December 2022 03:44

Equities in Asia-Pacific traded mostly lower on Wednesday as investors kept their eyes on the release of the imports-exports data by the world's second-biggest economy. China's merchandise trade balance total is widely expected to shrink in November, putting pressure on the value of the country's currency on the global markets.

Hong Kong's Hang Seng traded 0.35% higher at 3:33 am CET, while, on the Chinese mainland, the Shanghai Composite fell by 0.31% and the Shenzhen Composite added 0.41%.

The dollar stood flat against the yen, going for 136.9550 at 3:34 am CET, as Australia's S&P/ASX 200 lost 0.82%. At 3:35 am CET, South Korea's Kospi Composite went down by 0.23%, and Japan's Nikkei 225 decreased by 0.46%.

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Author:
Baha Breaking News (BBN) / NL