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Asian stocks rise ahead of central bank meetings

Asian stocks rise ahead of central bank meetings

ABC News
Tuesday, September 07, 2021 05:38:59 AM UTC

Asian stock markets have risen after China reported stronger than expected exports in August

BEIJING -- Asian stock markets rose Tuesday after China reported stronger exports in August than expected while investors awaited decisions from European and other central banks on when stimulus might be wound down. Shares advanced in Shanghai, Tokyo and Hong Kong, which are the bulk of Asia's market capitalization. Seoul and Sydney declined. U.S. markets were due to reopen following a three-day weekend. Chinese customs data showed export growth accelerated to 25.6% over a year earlier from July's 19.3%, beating expectations of about 17%. Import growth rose to 33.1% from the previous month's 28.1%.
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