Tuesday, 8 September 2015

Asian shares mixed ahead of China trade data

Asian stocks traded mixed early Tuesday, as investors awaited fresh data due out of the world's second-biggest economy. 
China releases trade figures for August and economists polled by Reuters expect exports to have declined 6 percent on-year, after an 8.3 percent plunge in July. 
Imports are seen dropping 8.2 percent in August, following a fall of 8.1 percent in the previous month. Investors will also be digesting a string of news out of China after Monday's market close. 
China's foreign exchange reserves fell by USD 93.9 billion in August to USD 3.557 trillion, central bank data showed, reflecting Beijing's attempts to halt a slide in the yuan and stabilize financial markets. 
The drop marked the biggest monthly fall on record.

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