Traders in Asia will assess July trade balance data out of China, with economists expecting exports to grow 9.7% year-over-year and imports to grow 3.5% over the same period.
Asia-Pacific markets are mostly up on Wednesday after major indexes on Wall Street rebounded from a three-day stretch of losses.
A cargo ship is sailing towards the docking of a foreign trade container terminal in Qingdao Port, Shandong province, in Qingdao, China, on June 7, 2024.post its best day since October 2008, soaring 10.2%. On Monday, the index suffered its worst session since 1987 amid recession fears, losing 12.4%.on Wednesday that it conducted a record single-day yen-buying intervention on April 29, selling 5.92 trillion yen worth of dollars to combat the falling yen. It further sold 3.
Later today, traders in Asia will assess July trade data out of China, with economists expecting exports to grow 9.7% year-over-year compared to June's 8.6% rise. Imports are expected to grow 3.5% over the same period, a reversal from June's 2.3% fall.
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