Asian Equities Lower after China and Japan Data

Asian shares were lower on the first trading day of the week, as investors switched to ‘risk-off’ mode following disappointing Chinese export data over the weekend. The latest Japanese gross domestic product (GDP) figures further dented trading sentiment across the region.

Commenting on Monday’s sluggish tone in Asian equities, Kingsley Jones, Founder and CIO of Jevons Global, told CNBC’s Cash Flow, “I think a lot of that (weakness) has to do with the Chinese data released over the weekend. Those weak export numbers got investors a little risk off now. Not forgetting, in the background, there’s the brewing situation in Ukraine.”

Focus was also on the continued search for a missing Malaysia Airlines flight, which entered its third day on Monday.


Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.