Asian Equities Higher after China Trade Data

Asian shares got a lift on Thursday from dovish comments by the U.S. Federal Reserve chief and upbeat Chinese trade data that suggested some signs of stabilization in the world’s second-largest economy.

Risk assets were also underpinned by signs of easing tensions in Ukraine after Russian President Vladimir Putin called on pro-Moscow separatists to postpone a secession vote.

Tokyo’s Nikkei share average .N225 rose 1.1 percent while MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5 percent, inching away from five-week lows hit on Wednesday.  Chinese exports rose 0.9 percent in April from a year earlier, beating expectations of a 1.7 percent decline, while imports also overshot economists’ estimates.

Reuters

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