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| Version 2 | Version 3 |
|---|---|
| Asia shares down despite China trade jump | Asia shares down despite China trade jump |
| (about 1 hour later) | |
| Asian shares fell to seven-month lows as positive trade data from China failed to ease concerns over global economic growth. | Asian shares fell to seven-month lows as positive trade data from China failed to ease concerns over global economic growth. |
| World Bank and International Monetary Fund meetings on Saturday called for bold action to boost economic recovery. | World Bank and International Monetary Fund meetings on Saturday called for bold action to boost economic recovery. |
| But September trade figures from China painted a rosier picture, as export and import growth beat market expectations. | |
| That, however, did little to boost the MSCI Asia-Pacific index excluding Japan, which fell 0.8%. | That, however, did little to boost the MSCI Asia-Pacific index excluding Japan, which fell 0.8%. |
| In Hong Kong, stocks headed lower at the start of the trading session as police began to remove barricades at sites where pro-democracy demonstrators held rallies. | |
| But strength in blue chip stocks helped turn around the Hong Kong market, with the benchmark Hang Seng index reversing earlier losses to close up 0.2% at 23,143.38. | |
| China Mobile shares gained 1.8% on news it had signed a business deal with Germany's Deutsche Telekom last Friday. | |
| On the mainland, the Shanghai Composite closed the Monday session down 0.4% at 2,366.01. | |
| In Australia, shares hit their lowest since February as economic uncertainty weighed on the big banks. | In Australia, shares hit their lowest since February as economic uncertainty weighed on the big banks. |
| The benchmark S&P/ASX200 index closed down 0.6% at 5,155.5 points. | The benchmark S&P/ASX200 index closed down 0.6% at 5,155.5 points. |
| Commonwealth Bank of Australia was down 0.9%, while shares in ANZ dropped 0.6%. | Commonwealth Bank of Australia was down 0.9%, while shares in ANZ dropped 0.6%. |
| Bucking the trend were heavyweight miners BHP Billiton and Rio Tinto, up 0.9% and 1.9% respectively, following the better-than-expected trade data out of China. | Bucking the trend were heavyweight miners BHP Billiton and Rio Tinto, up 0.9% and 1.9% respectively, following the better-than-expected trade data out of China. |
| South Korea's Kospi fell 0.7% to close at 1,927.21, with tech shares leading the downtrend. Samsung Electronics was down 0.2%, while LG Electronics fell more than 2%. | South Korea's Kospi fell 0.7% to close at 1,927.21, with tech shares leading the downtrend. Samsung Electronics was down 0.2%, while LG Electronics fell more than 2%. |
| Japanese markets were closed for a public holiday. | Japanese markets were closed for a public holiday. |
| Oil prices tumble | Oil prices tumble |
| Oil prices fell further on Monday, hovering near four-year lows after Kuwait said oil cartel Opec was unlikely to cut production to support prices. | |
| Another big oil producer, Saudi Arabia, also said that it was ready to accept prices as low as $80 a barrel. | Another big oil producer, Saudi Arabia, also said that it was ready to accept prices as low as $80 a barrel. |
| US November crude futures fell $1.01 a barrel to $84.81, while Brent crude fell $1.12 a barrel to $89.25. | US November crude futures fell $1.01 a barrel to $84.81, while Brent crude fell $1.12 a barrel to $89.25. |