Asia in a nutshell
Just before the US markets opened, we took stock of the Asian markets. While Chinese equities saw a resurgence, Hong Kong equities posted decent gains. Singapore, Indonesia, South Korea, and Thai equities saw marginal gains, while Japanese and Indian equities lost marginally. We’ll now look at the German market and some economic updates.
Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.
German equities rose
At 5:35 PM central European time (11:35 AM EST), Germany’s DAX Index was trading 0.8% higher at 12,046.51. At the same time, the S&P 500 (SPY) was down 1.4%, the NASDAQ (QQQ) was down 1.7%, and the Dow was down 1.2%. Earlier in the day, Deutsche Bundesbank released trade data, which showed that exports in March had risen 1.5% compared to a fall of 1.2% in February. Exports also surpassed the expectation of a 0.3% fall by a wide margin.
On the other hand, imports in March grew by 0.4%. As a result, Germany’s trade balance increased to $20 billion in March compared to $18.7 billion in February.