8th November 2013
Asian stocks have broadly declined today (November 8th), despite positive economic data from China and the US.
Following the publication of a report showing the US economy expanded by more than expected in the third quarter of the year, figures released overnight have painted a positive picture in China.
The country's exports increased by 5.6 per cent last month, amid expectations for a 3.2 per cent gain. Imports rose by less than anticipated, resulting in a trade surplus of $31.1 billion.
However, markets are expressing caution ahead of a meeting of Chinese policymakers this weekend.
The Nikkei 225 index closed one per cent lower for the session at 14,086.80 points, while Hong Kong's Hang Seng shed 0.6 per cent to 22,744.39 points.
Despite its close trading links to China, Australia's ASX/200 index shed 0.6 per cent, indicating investors are hoping for more positive domestic improvements in an effort to end the country's reliance on its mining exports.
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