Asia-Pacific Markets Show Varied Performance as Investors Anticipate China Trade Data
Market Overview: Asia-Pacific markets showed mixed results as investors awaited China's trade data, with Japan's Nikkei 225 down 0.14% and South Korea's Kospi flat, while the small-cap Kosdaq rose 0.45%.
China's Trade Expectations: Economists predict a 3.8% increase in China's exports for November, reversing October's contraction, with imports expected to rise by 3%.
Japan's Economic Performance: Revised data indicated Japan's economy contracted more than initially thought, with a third-quarter GDP decline of 2.3%, worse than the forecasted 2.0% drop.
U.S. Market Performance: Last Friday, U.S. markets closed higher, with the S&P 500 gaining 0.19% and the Nasdaq Composite increasing by 0.31%, marking a positive trend for the major averages.
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