Small Exports Growth from China Fails to Spark Asian Markets

Stocks in Asia continued to decline as trading approached noon following a small rise in China’s exports that failed to spark the market.

China’s November exports in yuan terms rose 1.7% YoY, but increased only 0.5% YoY in US dollar terms, according to customs agency data released Thursday. This marked its first growth in six months.

The US dollar terms beat the 1.1% drop expected in a Reuters poll. Meanwhile, imports fell 0.6%, following a 3.0% increase in October.

As for Asian markets at 10:56 BKK time on Thursday, Japan’s Nikkei fell 1.78%, SSEC slipped 0.29%, HSI plunged 1.43%, ASX dipped 0.32% and Kospi dropped 0.13%.

Thailand’s SET Index fell 13.72 points or 0.99% to 1,375.83 points.