China Markets React to Trade Data

Shares in mainland China closed higher on Wednesday as investors reacted to the release of Chinese trade data for September.

In Japan, the Nikkei 225 lost 90.33 points, or 0.3%, to 28,140.28.

The Japanese yen traded at 113.57 per U.S. dollar, stronger than levels around 113.6 seen earlier against the greenback

Trading in Hong Kong was cancelled all day on Wednesday because of a typhoon warning alert, the Hong Kong exchange said in a release at noon.

The Australian dollar was at $0.734, off levels around $0.738 seen yesterday.

CHINA

In China, the CSI 300 recovered 56.27 points, or 1.2%, to 4,940.11.

China’s imports rose 17.6% from a year earlier in September, customs data showed Wednesday, missing expectations for a 20% expansion in a Reuters poll. Exports in September rose 28.1% from a year earlier in September, the data showed, exceeding forecasts by analysts in a Reuters poll for a 21% year-on-year rise.

Moreover, China on Tuesday announced plans to liberalize coal-fired power pricing, Reuters reported, as the country faces a energy crisis.

In other markets

In Taiwan, the Taiex slumped 114.85 points, or 0.7%, to 16,347.99.

In Korea, the Kospi index regained 28.03 points, or 1%, to 2,944.41

In Singapore, the Straits Times recaptured 44.37 points, or 1.4%, to 3,156.42

In New Zealand, the NZX 50 recounted 28.92 points, or 0.2%, to 13,025.18

In Australia, the ASX 200 dumped 8.19 points, or 0.1%, at 7,272.54