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China Leads Losses in Asia-Pacific

Stocks in the Asia Pacific region were mixed on Wednesday as the S&P 500 stateside rose to a new record overnight.

In Japan, the Nikkei 225 gained 59.53 points, or 0.3%, to 23,110.68.

The Japanese yen traded at 105.40 per U.S. dollar following an earlier high of 105.09 against the greenback.

Japan’s exports in July declined 19.2% as compared with a year ago, according to provisional trade statistics from the country’s Ministry of Finance released Wednesday. That compares with a median forecast for a 21.0% decline by economists.

In Hong Kong, the Hang Seng tumbled 188.47 points, or 0.7%, to 25,178.91. Morning trade in the city was suspended earlier due to severe weather.

The Australian dollar was at $0.7269, having risen from levels below $0.72 seen earlier this week.

CHINA

The CSI 300 lost 72.08 points, or 1.5%, to 4,740.68.

Investors will also likely continue to monitor developments in Australia-China relations. On Tuesday, China’s Ministry of Commerce said it is launching an anti-dumping investigation into some wines imported from Australia.

In other markets

In Singapore, the Straits Times Index subtracted 2.05 points, or 0.1%, to 2.561.04.

In Korea, the Kospi regained 12.3 points, or 0.5%, to 2,360.54

In Taiwan, the Taiex index dropped 93.5 points, or 0.7%, to 12,778.64

In New Zealand, the NZX 50 staggered 97.85 points, or 0.8%, to 11,751.29

In Australia, the ASX 200 climbed 44.28 points, or 0.7%, to 6,167.64.