Asian markets pull back after weak Japanese trade data
Shares retreated in Asia on Wednesday after Japan reported its worst monthly decline in exports in three years, putting pressure on the economy as growth slows following a sales tax hike.
- Japan’s Nikkei 225 index NIK, -0.62% declined 0.8% after customs data showed the country’s exports falling 9.2% in October.
- Hong Kong’s Hang Seng HSI, -0.75% dropped 0.6%.
- The Shanghai Composite index SHCOMP, -0.78% declined 0.4%.
- Australia’s S&P ASX 200 XJO, -1.35% fell 1.2% as energy and financial companies declined.
- The S&P 500 index SPX, -0.06% slipped less than 0.1% to 3,120.18 and the Dow Jones Industrial Average DJIA, -0.36% declined 0.4% to 27,934.02.
- The Nasdaq COMP, +0.24% climbed 0.2% to 8,570.66.
- The dollar USDJPY, -0.10% fell to 108.51 Japanese yen from 108.54 yen on Tuesday.
- Benchmark crude oil CLZ19, -0.14% picked up 11 cents to $55.46 per barrel in electronic trading.
- Brent crude oil BRNF20, -0.18% , the international standard, was flat at $60.91 per barrel after dropping $1.53 overnight.