SINGAPORE — Shares in mainland China were mixed in Wednesday morning trade as investors reacted to the release of Chinese trade data for September.
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.
Mixed Asia-Pacific markets
In Japan, the Nikkei 225 slipped 0.22% while the Topix index dipped 0.23%.
MSCI’s broadest index of Asia-Pacific stocks outside Japan traded 0.14% higher.
Trading in Hong Kong is set to be cancelled all day on Wednesday because of severe weather due to Typhoon Kompasu, with the Hong Kong Observatory issuing an alert that the “Storm Signal No. 8” is set to remain in force up to 4 p.m. According to the Hong Kong exchange’s rules, all trading sessions will be cancelled if that storm signal or a higher alert level remains in place at 12:00 p.m. local time.
Oil prices were lower in the morning of Asia trading hours, although they still remained elevated above $80 per barrel.
China on Tuesday announced plans to liberalize coal-fired power pricing, Reuters reported, as the country faces a energy crisis.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.353 after bouncing from levels below 94.2 earlier in the week.