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Japanese shares continue to rise despite weak trade data | Japanese shares continue to rise despite weak trade data |
(about 1 hour later) | |
Japanese shares have risen despite the latest trade figures showing exports have fallen for a third straight month. | Japanese shares have risen despite the latest trade figures showing exports have fallen for a third straight month. |
The country's exports fell by 8% in December from a year earlier, suggesting that China's slowdown continues to affect demand. | The country's exports fell by 8% in December from a year earlier, suggesting that China's slowdown continues to affect demand. |
The Nikkei 225 index rose by 0.3% to 17,006.28 points, building on Friday's rally when it climbed almost 6%. | |
Markets surged late last week on hints that central banks in Europe and Japan would continue monetary easing. | Markets surged late last week on hints that central banks in Europe and Japan would continue monetary easing. |
The recovery had come after shares had been hit by ongoing concerns over record low oil prices due to over supply and a slump in demand in a slowing global economy. | The recovery had come after shares had been hit by ongoing concerns over record low oil prices due to over supply and a slump in demand in a slowing global economy. |
China rebound continues | |
Chinese markets also continued last week's strong finish, trading higher both in Hong Kong and on the mainland markets. | |
The Hang Seng index in Hong Kong rose by 1.3% to 19,336.03, while the Shanghai Composite edged 0.5% higher to 2,932.86. | |
In Australia, the benchmark S&P ASX 200 rose 1.2% to 4,973.40 points. | In Australia, the benchmark S&P ASX 200 rose 1.2% to 4,973.40 points. |
The commodity-heavy market was helped by a rebound in both oil and iron ore prices. | The commodity-heavy market was helped by a rebound in both oil and iron ore prices. |
In South Korea, the Kospi index followed the region's trend, increasing 0.9% to 1,896.84 points. |