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MNI BRIEF: China Oct Exports Grow, Imports Slide

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ASIA STOCKS: China Equity Markets Soar, Some SE Asian Markets Lagging.

ASIA STOCKS
EM BulletAPACEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Equity markets in general across the region greeted the US Election result positively, trading higher throughout the day.
  • China had some very strong data out with Exports jumping +12.7% for October and the trade balance hitting $95bn.
  • This saw all of China’s major bourses up with CSI 300 +0.70%, Hang Seng +1.05%, Shanghai +.85% and Shenzhen +0.95%.
  • Singapore was the star performer with the FTSE Straits Times up over 2%.
  • In Korea, the KOSPI reacted too to the moves in China with the KOSPI up +0.50%.
  • However for Malaysia and Indonesia, their fortunes were different both down on the day with the FTSE Malay KLCI down -0.55% and the Jakarta Comp -1.0%.
  • The other underperformer on the day was the Philippines which fell -2.7% after data out saw GDP for the third quarter missing expectations.
  • With India just opening, it is starting off on a weaker note down -0.22%. 
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  • Equity markets in general across the region greeted the US Election result positively, trading higher throughout the day.
  • China had some very strong data out with Exports jumping +12.7% for October and the trade balance hitting $95bn.
  • This saw all of China’s major bourses up with CSI 300 +0.70%, Hang Seng +1.05%, Shanghai +.85% and Shenzhen +0.95%.
  • Singapore was the star performer with the FTSE Straits Times up over 2%.
  • In Korea, the KOSPI reacted too to the moves in China with the KOSPI up +0.50%.
  • However for Malaysia and Indonesia, their fortunes were different both down on the day with the FTSE Malay KLCI down -0.55% and the Jakarta Comp -1.0%.
  • The other underperformer on the day was the Philippines which fell -2.7% after data out saw GDP for the third quarter missing expectations.
  • With India just opening, it is starting off on a weaker note down -0.22%.