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Shares in Asia mostly gain with Tokyo edging up after trade data

Published 10/23/2016, 11:31 PM
Updated 10/23/2016, 11:32 PM
© Reuters.  Asian shares mostly higher

Investing.com - Asian shares were mostly higher on Monday with Tokyo gaining as trade data showed exports did not fall as deep as expected, while Sydney was down in an otherwise light regional data day.

The Nikkei 225 edged up 0.11%, while the Shanghai Composite rose 1.21%. The S&P/ASX 200 dipped 0.69%.

Japan said the adjusted trade balance surplus for September reached ¥350 billion, wider than the surplus of ¥200 billion seen, and exports fell 6.9%, less than the 10.4% year-on-year fall expected and imports dropped 16.3%, also less than the 16.6% decline seen.

The unadjusted September trade balance came in at a surplus of ¥498.3 billion, the first surplus in two months following a deficit of ¥19.2 billion in August and compared with a deficit of ¥121.3 billion in September 2015.

U.S. stocks were mixed after the close on Friday, as gains in the Consumer Services, Technology and Consumer Goods sectors led shares higher while losses in the Telecoms, Healthcare and Oil & Gas sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.09%, while the S&P 500 index declined 0.01%, and the NASDAQ Composite index added 0.30%.

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