Very disappointing data on China's exports in August undermines the Tokyo Stock Exchange while the other Asian markets, especially the Chinese ones, and the European ones seem not to feel the blow. In the past month, exports fell by 6,1% on an annual basis while imports by as much as 14,3%.
Those particularly affected by the negative data on Chinese exports are above all the Japanese stock exchange with the Nikkei index plummeting by 2,43% erasing the gains of 2015. The Nikkei index of leading stocks ends at 17.427,08 points, down 433,39 points (-2,43%), below the level reached at the end of December and at its lowest since last month of February. To influence the decidedly downward closure of Tokyo also the negative figure for Japanese GDP which in the second quarter fell by 0,3%, after the increase recorded in the first.
As regards the other main Asian stock exchanges, both the slightly negative closing of Seoul (-0,24%) and the positive data of the Chinese stock exchanges are reported: Shanghai gains 2,9%, Shenzhen +3,9% and Hong Kong closed with a 2% increase. As in the case of the Chinese stock exchanges, the main European markets also seem to ignore the negative export data of the second world economy: at 10:15, Piazza Affari registers a significant +1,76, 1,8%, Frankfurt 1,57%, Paris 1,29% and Madrid collects XNUMX%.
