Asian stocks mixed after Chinese trade contracts

GMT 15:33 2016 Monday ,09 May

Arab Today, arab today Asian stocks mixed after Chinese trade contracts

Asian stocks mixed after Chinese trade contracts
Beijing - QNA

Asian stocks were mixed Monday after China's trade contracted in April and US job growth came in weaker than expected. 
The Shanghai Composite Index tumbled 2.2 percent to 2,848.16 points. Taiwan, New Zealand and Indonesia also fell. 
Tokyo's Nikkei 225 gained 0.5 percent to 16,187.21. 
Hong Kong's Hang Seng added 0.5 percent to 20,217.08. 
Sydney's S&P ASX-200 gained 0.1 percent to 5,294.90. 
The benchmark in Singapore also gained. 
The Chinese trade shrank in a sign of weak global and domestic demand despite government stimulus efforts. Exports contracted by 1.8 percent in April compared with a year earlier and imports plunged 10.9 percent. Exports so far this year are down 7.7 percent, though that is an improvement over March's 9.6 percent year-to-date decline. 
Meanwhile, disappointing jobs data fueled speculation the Federal Reserve might keep interest rates low for another year. The economy added 160,000 jobs in April, less than the forecast of 200,000

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