Chinese shares listed in Hong Kong swung between gains and losses, after falling the most in a month yesterday, as investors weighed data showing mainland credit growth miss estimates amid a shadow-banking crackdown.
Hong Kong stocks declined, with a gauge of Chinese shares poised for a one-month low, as weaker- than-estimated trade data fueled concern that the world’s second-largest economy would fail to meet its growth target.
Japan’s Nikkei 225 Stock Average closed above 16,000 for the first time in six years as the weaker yen boosted exporter earnings prospects. The Turkish lira and stocks fell after a third minister quit amid a graft probe and called for the resignation of Prime Minister Recep Tayyip Erdogan, who instead revamped his cabinet.
Japanese stocks fell, with the Nikkei 225 Stock Average declining the most in a month, after machinery orders plunged the most in a decade and a U.S. employment report missed estimates. Volume was the lowest since January.