Asia stocks rise; China’s May trade data ahead

SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors looked ahead to Chinese trade data for May.

The Nikkei 225 gained 0.68% in early trade while the Topix index edged 0.21% higher. South Korea’s Kospi advanced 0.46%.

In Australia, the S&P/ASX 200 climbed 0.17%.

MSCI’s broadest index of Asia-Pacific stocks outside Japan traded 0.26% higher.

Looking ahead, China’s trade data for May is expected to be out at 11:00 a.m. HK/SIN on Monday.

In other developments, finance ministers from the Group of Seven over the weekend backed a U.S. proposal that calls for firms globally to pay at least 15% tax on earnings.

Markets in Malaysia and New Zealand are closed on Monday for holidays.


The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.139 following a recent decline from above 90.4.

The Japanese yen traded at 109.51 per dollar, after strengthening late last week from above 110.1 against the greenback. The Australian dollar changed hands at $0.7747, after climbing from levels below $0.768 late last week.

Here’s a look at what’s on tap:

  • China: Trade data for May at 11:00 a.m. HK/SIN

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