Asian stock market demonstrated negative dynamics amid the report on Japan foreign trade balance which was below expectations. Besides, the markets are waiting for the news from Europe regarding Greece saving measures.
All Asian indices were in downtrends. Japanese Nikkei lost 0.3%.
Traders are disappointed by a sharp decline in exports: it dropped 8.1%. Negative statistics from American markets also adds more pressure.
Shanghai Composite fell 0.4% while Hang Seng edged down 0.8%, Kospi decreased 0.8%.
Market sentiment is worsening but it is necessary to notice that there was a significant acceleration before this slowdown. Thus, MSCI Asia Pacific composite index gained 11%.
Today the traders will be interested in the FRS Minutes and the results of Antonis Samaras and Jean-Claude Juncker meeting.