On Monday, Asia-Pacific markets exhibited a mixed performance as investors analyzed newly released trade data from China. Hong Kong’s Hang Seng Index experienced a decline of 1.12%, whereas the CSI 300 increased by 0.81% to finish at 4,621.75, following a greater-than-anticipated rise in China’s exports for November. Outbound shipments experienced a notable increase of 5.9% in November, measured in U.S. dollar terms compared to the previous year, surpassing the economists’ expectations of a 3.8% growth. The growth signifies a recovery from an unforeseen 1.1% decline in October, marking the first contraction since March 2024.

Japan’s benchmark Nikkei 225 increased by 0.18% to reach 50,581.94, while the Topix rose by 0.65% to finish at 3,384.31. South Korea’s Kospi increased by 1.34% to reach 4,154.85, while the small-cap Kosdaq rose by 0.33% to finish at 927.79. Revisions published by Tokyo on Monday indicate that Japan’s economy contracted more significantly between July and September than previously assessed. Official data indicated that third-quarter GDP contracted at an annualized rate of 2.3%, surpassing economists’ median expectation of a 2.0% decrease and a preliminary estimate of a 1.8% decline. Australia’s ASX/S&P 200 experienced a decline of 0.12%, closing at 8,624.4. Investors are poised to monitor the forthcoming decision from the Reserve Bank of Australia as it commences its two-day meeting.

India’s Nifty 50 experienced a decline of 0.65%. IndiGo’s shares experienced a decline exceeding 5% after India’s aviation authority issued a warning to the airline on Saturday regarding possible regulatory measures. This follows the airline’s cancellation of thousands of flights last week, which resulted in passengers being left stranded. The cancellations prompted government intervention to mitigate the surge in airfare prices resulting from the disruption. IndiGo, the largest airline in the country, attributed its challenges to a shortage of pilots. A poll of economists indicates that the Reserve Bank of Australia is anticipated to hold its cash rate steady at 3.60% on Tuesday, with expectations to sustain this rate until 2026.

Moore Threads, a graphics processing unit manufacturer based in Beijing, experienced a decline of over 5% after its shares surged by more than 400% during its Shanghai debut last Friday, which followed a $1.1 billion listing. The stock concluded trading at 600.500 yuan, representing an increase of more than fivefold from its initial public offering price of 114.28 yuan. Last Friday in the U.S., the three major averages experienced an uptick as the market navigated a new set of economic data releases. The S&P 500 experienced a modest increase, marking its fourth consecutive day of gains, with a closing value of 6,870.40, reflecting a rise of 0.19%. This positions the index approximately 0.7% below its intraday peak. The Nasdaq Composite rose by 0.31% to close at 23,578.13, whereas the Dow Jones Industrial Average gained 104.05 points, equivalent to 0.22%, finishing the day at 47,954.99.