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4/13, 7:39 AM (Source: TeleTrader)
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Asia trades mostly higher as Chinese exports soar

Major stock exchanges in the Asia-Pacific region traded mostly higher on Tuesday after China's General Administration of Customs revealed that the country's exports skyrocketed 38.7% on a yearly basis in the first quarter. It was reported yesterday that Alibaba's affiliate Ant Group is seeking to restructure into a financial holding company, while Huawei reportedly intends to make 6G commercially available around 2030 and to invest $1 billion in electric vehicle technology.

The Nikkei 225 index was 0.74% higher at 7:32 am CET. The Shanghai Composite decreased by 0.39% at 7:18 am CET, while the Shenzhen Composite Index was up 0.20% at 7:33 am CET and the Hang Seng increased 0.18% at the same time. The Kospi gained 0.81% at 7:34 am CET. The S&P/ASX 200 in Australia was down 0.06% at 7:35 am CET.

The dollar was 0.31% higher compared to the yen, going for 109.7210 at 7:36 am CET.

Breaking the News / MS