China’s exports grew 10.6 percent in January from the year-ago period, compared to a Reuters poll of economists forecasting a 2 percent growth, and higher than the 4.3 percent rise recorded in December.
Imports, meanwhile, climbed 10 percent in January, versus a 3 percent rise forecast in a Reuters poll, and compared to the 8.3 percent gain in the month before.
Asian equities were mixed following the data with Japan’s Nikkei leading gains by 1 percent, the Shanghai Composite down 0.2 percent and the Australian dollar steady above 90 U.S. cents at a one-month high.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.