Asian indices in green; China exports rose 25.6% in August

Sep. 07, 2021 1:10 AM ETBy: Mamta Mayani, SA News Editor4 Comments

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  • Japan +0.83%. Shares edged higher as investors prepared for a ruling party leadership contest and national election.
  • China +0.77%. Exports surged 25.6% Y/Y in August, above expectations for a 17.1% rise. July exports grew 19.3% Y/Y.
  • Imports increased 33.1% Y/Y in August, beating expectations of 26.8% gain and compared with 28.1% growth in previous month.
  • China posted a trade surplus of $58.34B in August, vs. forecast for a $51.05B surplus and $56.58B in July.
  • Hong Kong +0.61%.
  • Australia -0.25%. The Reserve Bank of Australia kept the cash rate unchanged at 0.10% in September. 3-year bond yields target 0.10%.
  • RBA maintains tapering plans, extends purchase period until February.
  • Oil prices were mixed, with Brent crude futures up 0.44% to $72.54/barrel. U.S. crude futures dipped 0.25% to $69.12/barrel.
  • U.S. stock futures higher. Dow Jones +0.13%; S&P 500 +0.07%; Nasdaq +0.15%.

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