Asian stocks mixed as traders await China data

Asian stocks had mixed results as traders awaited the release of China’s trade data, signalling if the country is on its way towards economic recovery. Japan’s shares rose while Hong Kong and South Korea observed a fall. The S&P 500 and Nasdaq 100 futures both declined during trading in Asia. China’s data for April exports will likely show growth in comparison to the current month due to the market’s rebound. Meanwhile, investors will be eyeing US President Joe Biden and congressional leaders’ discussions on debtor liabilities, which may have implications on bond and bill yields.

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