Asia-Pacific markets fall as Wall Street rally falters; Japan trade swings to deficit

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Asia-Pacific markets fall as Wall Street rally falters; Japan trade swings to deficit
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Japan’s July exports are expected to come in 11.4% higher year on year, while imports are forecast to rise 14.9%

Japan's July exports rose 10.3% year on year and imports rose 16.6% in the same period, compared to expectations of a 11.4% rise for exports and a 14.9% growth for imports.

Asia-Pacific markets fell on Wednesday after U.S. benchmark indexes, the S&P500 and the Nasdaq Composite, snapped an eight-day winning streak overnight.dropped 0.15%. If the S&P had gained on Tuesday, it would have been the broad index's longest winning streak since 2004.saw exports rising 10.3% year on year and imports up 16.6%. Economists polled by Reuters had forecast that exports would rise 11.4%, while imports growth was pegged at 14.9%.

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