Chinese shares surged, supported by strong trade data and as inflation data topped estimatesAsian markets end mostly higher on Monday – Latest News
11 May 2026
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Asian markets ended mostly higher on Monday tracking Wall Street’s gains last Friday on the back of upbeat US labour data and strength in Nvidia, SanDisk and other AI-related stocks. Data showed that non-farm payroll employment shot up by 115,000 jobs in April after an upwardly revised 185,000 jobs in March, while the unemployment rate held steady at 4.3%, reinforcing expectations that the Federal Reserve is likely to leave interest rates unchanged for some time. Chinese shares surged, supported by strong trade data and as inflation data topped estimates. Data showed that China’s consumer inflation continued a mild recovery in April while producer inflation surged to a 45-month high. China’s April exports jumped 14.1% year-on-year to $359.4 billion, well above expectations of a 7.9% rise, while imports surged 25.3% to a record $274.6 billion, lifting the trade surplus to $84.8 billion. However, Nikkei fell from record highs as oil prices surged after US President Donald Trump rejected Iran’s response to his peace proposal, leaving the Strait of Hormuz effectively shut. Investors shifted their focus on the upcoming Trump-Xi meeting in Beijing, where discussions are expected to cover the Middle East conflict, Taiwan, and potential renewed trade talks.
|
Asian Indices |
Last Trade |
Change in Points |
Change in % |
|
Shanghai Composite |
4,225.02 |
45.07 |
1.08 |
|
Hang Seng |
26,406.84 |
13.13 |
0.05 |
|
Jakarta Composite |
6,905.62 |
-63.78 |
-0.92 |
|
KLSE Composite |
1,745.31 |
-2.75 |
-0.16 |
|
Nikkei 225 |
62,417.88 |
-295.77 |
-0.47 |
|
Straits Times |
4,942.77 |
20.87 |
0.42 |
|
KOSPI Composite |
7,822.24 |
324.24 |
4.32 |
|
Taiwan Weighted |
41,790.06 |
186.12 |
0.45 |
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