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Green all over Asian bourses; Nikkei approaches fresh 5-year high

FXstreet.com (Barcelona) - Following better than expected China trade balance figures, reporting a net worth $18.16B surplus, local share markets are extending earlier gains all across the board, lead by Nikkei index that prints fresh almost 5-year highs barely below the 13400 points mark, up +1.25% for the day so far. The last time Nikkei index was this high was back in early June 2008, when it topped at the 14600 points mark.

Other Asia-Pacific markets are also following US fresh all time record highs with SP500 closing in NY at the highs 1625, figure never seen before, adding +0.52% on the day, and futures now trading slightly below there. Australian ASX index climbs +0.64%, Korean Kospi +0.29%, Hang-Seng +0.48%, and Shanghai +0.59%.

China trade surplus stronger-than-expected

China April trade balance came at $18.16bn vs. $16.15bn expected. Imports (YoY) in April stood at 16.8% vs 13.9% expected and 14.1% prior, while exports (YoY) came at +14.7% vs 10.3% expected and 10.0% last.
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Forex: Aussie attempting to claw back some losses during Asia trade

After trading as low as 1.0155 early in the Asia session, the Aussie has managed to claw back some earlier losses and is currently trading down just two pips at 1.0185. The pair received a nice boost from the China Trade Balance which was released a bit earlier at 1:50GMT.
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