Asia stocks split after China’s surprise export surge

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MG News | December 08, 2025 at 09:37 AM GMT+05:00

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December 08, 2025 (MLN): Asia markets delivered a mixed performance on Monday as investors digested upbeat Chinese trade data alongside fresh economic revisions from Japan.

Hong Kong’s Hang Seng Index slipped 0.84%, while China’s CSI 300 rose 1.11% after Beijing reported a stronger-than-expected rebound in exports, according to CNBC.

The surge also marked a notable turnaround from the unexpected 1.1% contraction recorded in October, which had been the first decline since March 2024.

Japanese equities moved in different directions, with the Nikkei 225 edging down 0.14% while the Topix managed a modest 0.25% gain.

Fresh government data released in Tokyo showed that Japan’s economy shrank more than initially estimated in the third quarter.

GDP contracted at an annualized rate of 2.3% between July and September, deeper than both the preliminary reading of a 1.8% decline and analysts’ expectations of a 2.0% fall.

In South Korea, trading was relatively positive as the Kospi climbed 0.35% and the Kosdaq added 0.45%. Australia’s ASX/S&P 200, however, slipped 0.17% as investors awaited the Reserve Bank of Australia’s upcoming interest rate decision.

In India, the Nifty 50 opened flat, but airline stocks drew significant attention.

Shares of IndiGo dropped more than 5% after the country’s aviation regulator warned the carrier of potential punitive action following the cancellation of thousands of flights last week, a disruption that stranded passengers nationwide.

The government also stepped in to rein in soaring airfares triggered by the flight shortage, which IndiGo attributed to a lack of available pilots.

Chinese tech stock Moore Threads also made headlines after falling more than 5% on Monday.

The pullback followed an extraordinary debut on the Shanghai exchange last Friday, when the GPU manufacturer surged over 400% after its $1.1bn listing.

The stock still ended its first session at a lofty 600.500 yuan more than five times its IPO price of 114.28 yuan.

On Wall Street, U.S. markets closed higher on Friday as investors assessed new economic data.

The S&P 500 rose 0.19%, marking its fourth consecutive day of gains and bringing it within 0.7% of its all-time intraday high.

The Nasdaq Composite added 0.31%, while the Dow Jones Industrial Average increased by 104.05 points, or 0.22%, to finish the session at 47,954.99.

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