China’s strong foreign trade data fueled Asian markets ahead of central bank meetings
ANKARA (AA) – Major stock markets in Asia closed Tuesday in the positive territory as China’s unexpected surge of foreign trade in August eased fears about impact of Delta variant of coronavirus on its economy.
Investors also awaited decisions from major central banks on both interest rates and stimulus.
The Asia Dow, which includes blue-chip companies in the region, gained 27.5 points, or 0.68%, to close at 4,042.
China’s Shanghai stock exchange posted a rise of 54.7 points, or 1.51%, to 3,676 points.
Chinese foreign trade rose sharply in August, thanks to strong global demand, according to the General Administration of Customs on Tuesday. The country’s exports jumped 25.6% year-on-year in August while imports surged 33.1%, both were above market forecast.
Tokyo’s Nikkei 225 stock exchange climbed by 256 points, or 0.86%, to 29,916.
The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, went up 190 points, or 0.73%, to 26,353.