Home Stock & Shares With China imports reviving, Asia shares touch one-year highs

With China imports reviving, Asia shares touch one-year highs

by Jonathan Adams

Asian shares held within one-year peaks on Thursday as Chinese trade data topped forecasts and imports recorded their first annual rise since late 2014, a promising sign for global demand that gave the Australia dollar a lift.

Beijing reported imports rose 1.5% in August from a year ago, confounding forecasts of a 4.9% drop, while exports from the Asian giant dipped 2.8%.

The initial reaction was muted, in part because markets have come to distrust the veracity of Chinese data over the years, though the Aussie did nudge up a touch to $0.7691 (£0.58).

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