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On Thursday, Asian equity markets mostly ascended after Fed Chair Janet Yellen's quite cautious testimony on Wednesday, while Chinese markets were underpinned by estimate-beating trade data.
The market in Thailand rallied 0.44%, demonstrating 1,581.88. At the same time in Manila the Philippines Stock Exchange PSEi Index managed to gain 0.19%, hitting 7953.78.
South Korea's Kospi Index rallied 1.1%, hitting 2,418.48. Additionally, Hong Kong also demonstrated sturdy outcomes in morning trade. Its Hang Seng Index leapt 1.08%, reaching 26,330.50. In Singapore the FTSE Straits Times index surged 0.59%, demonstrating 3,227.90.
The Shanghai Composite Index demonstrated a 0.44% rise in mid-morning trade, hitting 3,211.51. The Chinese market was bolstered after China unveiled upbeat data on exports. In China, June exports inched up 11.3% year-on-year, while imports surged 17.2%, surpassing expectations.
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