Asian stocks rise; China’s trade data in coming May

Asian stocks rise;  China’s trade data in coming May


SINGAPORE – Stocks in Asia-Pacific rose on Monday morning as investors eagerly awaited Chinese trade data for May.

the Nikkei 225 gained 0.68% in early trades while the Topix index edged up 0.21%. South Korea Kospi advanced 0.46%.

In Australia, the S & P / ASX 200 climbed 0.17%.

The largest MSCI index of Asia-Pacific equities excluding Japan traded up 0.26%.

Looking ahead, China’s trade data for May is expected to be released at 11:00 a.m. HK / SIN on Monday.

In other developments, Group of Seven finance ministers this weekend backed a US proposal that calls on companies around the world to pay at least 15% tax on profits.

Markets in Malaysia and New Zealand are closed on Mondays for public holidays.

Currencies

the US dollar index, which tracks the greenback against a basket of its peers, was at 90.139 after falling recently from above 90.4.

the Japanese yen was trading at 109.51 per dollar, after strengthening late last week above 110.1 against the greenback. the Australian dollar changed hands to $ 0.7747, after dropping from levels below $ 0.768 late last week.

Here’s a rundown of what’s available:

  • China: Trade data for the month of May at 11:00 a.m. HK / SIN

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