Date: Thursday 10 Jun 2010
After yesterday’s leaked report, today’s official figures showed Chinese exports soared 48.5% in May from a year earlier to $131.76bn. Imports rose 48.3% to $112.23bn, the General Administration of Customs said. Economists had pencilled in a 30.2% jump in exports.
Meanwhile Japan’s GDP rose at an annual rate of 5% in the three months to the end of March, the Cabinet Office said today in Tokyo, just beating forecasts of 4.9%.
Shares on the move included oil explorer Inpex, which gained 3.6%, as crude futures rallied. Japan Petroleum Exploration rose 2.3%. Trading company Mitsui & Cohowever slumped over 7% on fears about its exposure to BP's oil spill in the Gulf of Mexico.
Shares in robot maker Fanuc stood out after a rise in machinery orders. Shares in the group jumped 4.9%.
Elsewhere shares in furniture retailer Nitori advanced 4.3% after reports that it will double the number of its stores.
The benchmark Nikkei 225 index closed up 103 points at 9,543 in Tokyo.
PetroChina gained 0.83% on rising crude oil futures.
The Hang Seng index finished up 11 points at 19,633 in Hong Kong.
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