Asia stocks split after China’s surprise export surge
MG News | December 08, 2025 at 09:37 AM GMT+05:00
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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