Asian stocks are narrowly mixed on China trade data

Asian stocks are narrowly mixed on China trade data

On Thursday, Asian stocks were narrowly mixed, following China’s trade data, which offered little support as market participants focused on risk events, such as the sacked FBI director James Comey’s testimony and the upcoming UK election.

Japan's benchmark Nikkei 225 index leapt 0.13%. Stocks of Toshiba ascended 6.43% after the company revealed it was actually targeting to unveil the winning bidder for its semiconductor arm already next week, as Reuters told. The Japanese company dared to put its memory chip unit on sale in an attempt to tackle issues in its balance sheet stemming from losses, which were incurred by Westinghouse Electric, its American nuclear arm.

South Korea's Kospi sank into negative territory to lose 0.34% right after on Thursday morning North Korea launched a series of land-to-ship missiles. The S&P/ASX 200 decreased by 0.19% in Australia.

The Hang Seng Index went down 0.03%, the Shanghai Composite tumbled 0.09%.


European equities edge down

On Thursday, except the United Kingdom, European stock markets dived in the face of everlasting worries of a proliferation of trade clashes between China and America, which appear to be the largest economies around the globe…


Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

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