Market Report – Shanghai Stocks Lead Asia Drop

In today’s market report… disappointing Chinese trade numbers and overall caution ahead of a Federal Reserve meeting led Asian stocks to lower Tuesday.

Shanghai stocks reversed early gains after lower-than-expected imports.

The Shanghai composite fell by as much as two percent, the most in over three weeks.

The trade data also weighed on other Asian markets – Hong Kong’s benchmark Hang Seng was dragged lower as listed shares of mainland Chinese companies fell.

Elsewhere, a widely expected decision by the Bank of Japan to hold rates steady and slow the charging yen left the benchmark Nikkei 0.2 percent lower.

South Korea’s KOSPI was off half-a-percent after recent highs and slightly elevated tensions after reported artillery firing by Pyongyang.

In Australia, a sober outlook and weak earnings from top lender National Australia Bank further dented sentiment.

Foto: NTDTV