The inspiring handover from Wall Street helped Japan’s Nikkei 225 index to offset disappointing trade data released before the market open. Japan’s exports rose 3.1 percent in August from a year earlier, down from 7.6 percent in the preceding month and missing expectations for a 4.0 percent annual increase, underscoring concerns about the fragile recovery in the world’s third-biggest economy. Imports fell 3.1 percent on-year, wider than the estimate for a 2.2 percent decrease. This translates into a monthly deficit of 569.7 billion yen a year earlier, versus Reuters’ forecast for a trade deficit of 541.3 billion.
ASIAN MARKET UPDATE