Asian markets edge down on Chinese imports data

<p>Asian markets edged down after fresh data highlighted sluggish domestic demand in China.</p>

Asian markets edged down today (September 8th) after Chinese import figures pointed to a sluggish domestic demand.

China’s exports rose more than expected in August while imports fell, bringing the trade surplus to a record high for the second consecutive month.

"The Chinese data shows that the global economy is recovering while the Chinese economy is showing a weaker than expected recovery," Daiwa Securities senior technical analyst Hikaru Sato told Business Day.

Investors also traded cautiously due to the sterling’s decline after a poll showed rising support for Scottish independence helped bolster the dollar.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 per cent, while the Nikkei stock average edged up 0.2 per cent to 15,705.11.

Hong Kong's Hang Seng shed 0.2 per cent to 25,240.15 and Australia's S&P/ASX 200 dropped 0.4 per cent to 5,577. Markets in China, South Korea and Taiwan were closed for public holidays.

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