Japanese stocks rose on Tuesday, May 9, and the Nikkei index recorded its highest closing level in 16 months, supported by the rise in steel industry shares on the back of strong corporate earnings.
Hong Kong's Hang Seng fell 2%, leading losses in the region, as health care and basic materials shares led declines.
This was influenced by the Chinese trade data, which included a decline in imports by 1.4% and a slowdown in export growth by 8.5%.
In China, the Shanghai Composite Index fell 1.1% after hitting a 10-month high on Monday.
The Nikkei index rose 1.01% to 29,242.82 points, the highest closing level since January 2022, and the broader Topix index rose 1.27% to 2,097.55 points, its highest close since January 2022.
September 2021.
