Shares in Asia-Pacific were mixed on Wednesday as investors watched for market reaction to the release of Chinese trade data. New Zealand also hiked its rate by 50 basis points, its biggest increase in more than 20 years.
Mainland China’s Shanghai composite slipped 0.82%, closing at 3,186.82 while the Shenzhen component dropped 1.601% to 11,568.17. Hong Kong’s Hang Seng index rose about 0.1%, as of its final hour of trading.
Data released Wednesday showed Chinese exports rising more than expected in March. China’s dollar-denominated exports grew 14.7% year-on-year…
To read more: https://www.cnbc.com/2022/04/13/asia-markets-us-inflation-china-economy-reserve-bank-of-new-zealand-currencies-oil.html
SOURCE: CNBC
