| 30 November 2023, Thursday |

Asian markets down, dollar up after weak China trade data

Asian share markets were mostly weaker on Tuesday but the dollar strode higher as investors digested weaker Chinese trade data ahead of key inflation readings from China and the United States due later this week.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.7%, after U.S. stocks ended the previous session with mild gains. The index is down 2.9% so far this month.

In early European trades, pan-region Euro Stoxx 50 futures were down 0.11% at 4,352, German DAX futures were down 0.08% at 15,998, and FTSE futures were down 0.13% at 7,530.

U.S. stock futures, the S&P 500 e-minis , were down 0.21% at 4,528.3.

Data showed China’s imports contracted at 12.4% in July, missing forecasts for a drop of 5%, while exports fell 14.5%, compared with a fall of 12.5% tipped by economists.

  • Reuters