Stocks in Asia-Pacific trade mixed as Japan’s exports plunge in August
Stocks in Asia-Pacific were mixed in Wednesday morning trade as investors await the Federal Open Market Committee’s quarterly update.
In Japan, the Nikkei 225 slipped 0.11% in early trade while the Topix index shed 0.15%.
The moves came after provisional trade statistics from Japan’s Ministry of Finance released Wednesday showed the country’s exports in August falling 14.8% as compared to a year ago. That compared against a 16.1% drop expected by economists in a Reuters poll.
Meanwhile, South Korea’s Kospi hovered above the flatline. Over in Australia, the S&P/ASX 200 advanced 0.37%.
Overall, the MSCI Asia ex-Japan index traded 0.06% higher.
Reference: CNBC
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