Asia Stocks Mixed as China Shares Slip, Tokyo Ends Losing Streak
- Topix gains first time in seven sessions on weakening yen
- Shanghai equities retreat on disappointing economic data
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Asian stocks were mixed as the region’s biggest markets diverged, with Chinese shares slumping on disappointing trade data while Japan equities climbed for the first time in seven sessions.
About five shares advanced for every four that fell on the MSCI Asia Pacific Index, which dropped 0.2 percent to 126.94 as of 4:13 p.m. in Hong Kong. The Shanghai Composite Index sank 2.8 percent, taking its two-day loss to 5.5 percent, the most since Feb. 25. China’s exports fell 1.8 percent in dollar terms in April, data released over the weekend showed, while imports dropped for the 18th month in a row. Japan’s Topix rose 0.6 percent as the yen weakened.