Asia-Pacific stocks mixed; oil prices jump about 1%
SINGAPORE — Shares in Asia-Pacific were mixed in Monday trade as investors react to China’s trade data released over the weekend.
MSCI’s broadest index of Asia-Pacific stocks outside Japan slipped 0.24%.
Official data released over the weekend showed China’s exports surging 27.1% in October as compared with a year ago. That was higher than the 24.5% growth forecast by analysts in a Reuters poll.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.309 after recently declining from levels above 94.5.
The Japanese yen traded at 113.58 per dollar, stronger than levels above 114 seen against the greenback last week. The Australian dollar changed hands at $0.7397 after last week’s drop from above $0.75.