Shanghai skyline seen from the container station.
Yaolshen | Moment | Getty Images
Chinese stocks rose on Thursday after imports beat expectations and exports rose in line with expectations, amid mixed markets across Asia-Pacific.
China's imports rose 8.4% in April, exceeding the 4.8% year-on-year increase expected in a Reuters poll. Exports in April increased by 1.5% year-on-year in US dollar terms, in line with expectations.
Mainland China's CSI300 index rose 0.95% on the news, up from a previous 0.2% rise to close at 3,664.56. Hong Kong's Hang Seng Index rose 1.16%.
Separately, Japan's real wages fell 2.5% in March compared to the same month last year, marking the 24th consecutive month of decline.
Investors are paying close attention to signs of a “virtuous cycle'' of rising wages and prices envisioned by the Bank of Japan.
Japanese Nikkei Stock Average fell 0.34% to $38,073, marking the second consecutive day of decline, while the comprehensive stock index TOPIX rose 0.26% to end at 2,713.46.
Korean Kospi fell 1.2% to close at 2,712.14, retreating from a one-month high, while the small-cap Kosdaq fell 0.26% to 870.15.
Australian person S&P/ASX 200 It fell 1.06% to close at 7,721.6.
One night in America Dow Jones Industrial Average Investors brushed off weakness in tech stocks, extending their winning streak to 6 days.
The Dow Jones Industrial Average rose 0.44%, breaking its record for longest winning streak in 2024. S&P500 While it lowered slightly and closed near the flat line, Nasdaq Composite It pulled back 0.18%.
Investors are also digesting a slew of comments from the Federal Reserve. Boston Fed President Susan Collins said Wednesday that the Fed's interest rate policy will need to remain at current levels until inflation is “sustained” toward the central bank's 2% goal.
— CNBC's Pia Singh and Alex Harring contributed to this report.