Asian Equities Mixed on China Concerns

Asian equities were mostly lower early Monday, as a negative finish in the U.S. last week and surprisingly weak trade data in China over the weekend weighed on sentiment.

Mainland trade data released on Sunday showed exports fell 3.3 percent from year-ago levels, while imports tumbled 19.9 percent, below expectations.

U.S. stocks closed down last Friday, ending the week significantly higher, amid continued concerns over Greece and a strong jobs report that renewed the possibility of an earlier Fed rate hike. For January, the Labor Department said the U.S. created 257,000 jobs, beating estimates of about 230,000. More importantly, average hourly earnings grew by 0.5 percent, above estimates.


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