Shares in Asia head north with Tokyo gains on trade data

Shares in Asia head north with Tokyo gains on trade data

On Monday, shares in Asia headed north with Tokyo up after better than expected trade data as well as a weaker yen as market participants looked ahead to a BOJ’s policy review at the end of the week.    

The Nikkei 225 earned 0.38% after the adjusted trade balance kicked in at a surplus of about ¥33 billion, better than the ¥24 billion observed and imports tumbled 18.8%, less than the 19.7% sag expected and exports descended 7.4%, less than the 11.6% dip observed. As for the overall trade balance, it came in at a surplus of approximately ¥693 billion, which is better than the ¥495 billion expected.

The S&P/ASX 200 soared 0.60%, while the Shanghai Composite managed to earn 0.33%.

The previous week, American stocks re-entered record territory on Friday, thus completing their fourth straight week of revenues, as decent performances by a pair of telecom giants, overshadowed losses from General Electric, following poorer quarterly earnings from the multinational conglomerate.

The Dow Jones Industrial Average soared 53.62 or 0.29%, hitting 18,570.85, while the S&P 500 Composite index rose 0.46%, trading at 2,175.03, as American equities stayed on pace for their strongest month since March.

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