Asian stocks mostly up on Chinese stimulus hopes

<p>Investors expect the world’s second largest economy to take new measures to boost growth.</p>

Asian shares were mostly up today (April 13th) after the release of weak Chinese trade data, as investors hope the world's second largest economy will take new measures to boost growth. 

Official figures revealed exports fell more-than-expected, down 14.6 per cent in March from the year-ago period, while imports slid 12.3 per cent. 

"The elephant in the room is whether China's deterioration has endured," following softer industrial output and other data in January and February, Mizuho Bank said in a report seen by AP. "The silver lining is that a softer outcome under dis-inflationary conditions will allow more stimulus to propel a revival in growth."

The Shanghai Composite Index gained 1.8 per cent to 4,107.12, while Hong Kong's Hang Seng added 1.6 per cent to 27,705.42 and Seoul's Kospi rose 0.5 per cent to 2,098.92. Sydney's S&P ASX 200 edged down 0.1 per cent to 5,960.30 and Tokyo's Nikkei 225 remained flat at 19,905.46.

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.