TOKYO — Asian shares were mostly higher Monday as the week started with a mix of economic data for the region and the U.S.
Japan’s benchmark Nikkei 225 rose 0.5% in early trading to 21,294.14. Australia’s S&P/ASX 200 edged up nearly 0.1% to 6,652.20. South Korea’s Kospi gained 0.6% to 2,022.03. Hong Kong’s Hang Seng shed earlier gains to be little changed at 26,685.86, while the Shanghai Composite rose 0.4% to 3,012.89.
The Japanese government released revised economic growth data for the April-June quarter. The Cabinet Office said gross domestic product, or GDP — the total value of a nation’s goods and services — had grown at an annual rate of 1.3%.
That was slightly lower than the earlier estimate for 1.8% growth. The data showed that private demand had grown at a slower rate but government investment had risen higher than the earlier estimate.
Chinese customs data showed Sunday that China’s trade with the United States was falling as the two sides prepare for negotiations with no signs of progress toward ending a tariff war that threatens global economic growth.
Imports of American goods tumbled 22% in August from a year earlier to $10.3 billion, while exports to the United States, China’s biggest market, sank 16% to $44.4 billion, according to the data.
Both sides have raised tariffs on billions of dollars of each other’s imports in the fight over complaints about Beijing’s trade surplus and technology development plans. The United States, Europe, Japan and other trading partners say those violate Chinese market-opening commitments.
“A mixed set of leads sets Asia up for a muted start to a week focused on monetary policy. China’s trade data had been one to disappoint over the weekend after further monetary stimulus announcements,” said Jingyi Pan, market strategist at IG in Singapore.