Asian stocks rise as Chinese trade data beats expectations
SINGAPORE (AP) — Asian financial markets advanced Monday after China released better-than-expected trade data for May, though worries remain over trade negotiations between the Washington and Beijing.
Reopening after a market holiday, Hong Kong’s Hang Seng picked up 2.2% to 27,552.09 and the Shanghai Composite index was 1% higher at 2,855.77. Japan’s Nikkei 225 advanced 1.1% to 21,111.38, while the Kospi in South Korea rose 0.9% to 2,091.72. Shares rose in Taiwan and throughout Southeast Asia. Australian markets were closed.