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Weak export figures dampen Japan shares | Weak export figures dampen Japan shares |
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Japanese shares have been pulled down by a sharp drop in the country's exports, which fell for the seventh consecutive month. | Japanese shares have been pulled down by a sharp drop in the country's exports, which fell for the seventh consecutive month. |
Exports from Japan fell by 10% in April compared with the same month last year. | Exports from Japan fell by 10% in April compared with the same month last year. |
Imports plunged 23%, putting the trade balance at a 823bn yen ($7.5bn, £5.2bn) surplus. | Imports plunged 23%, putting the trade balance at a 823bn yen ($7.5bn, £5.2bn) surplus. |
Japan, whose economy has struggled for more than two decades, is hosting the G7 summit of global leaders in Sendai. | Japan, whose economy has struggled for more than two decades, is hosting the G7 summit of global leaders in Sendai. |
The Nikkei 225 fell 1.8% to 16,431.08 in morning trading in Tokyo. | |
The weak trade data is thought to be mainly due to poorer demand from China and other emerging economies. | The weak trade data is thought to be mainly due to poorer demand from China and other emerging economies. |
Shares in Japan Tobacco fell by 1.4% as the world's largest insurer, Axa, announced it would stop investing in the tobacco industry. | |
Mainland China's Shanghai Composite rose by 0.3% to 2,834.16 while Hong Kong's Hang Seng traded flat. | |
In Australia, the benchmark ASX/200 dropped 0.8% at 5,308.40 points. | |
South Korea's Kospi index fell by 0.3% to 1,941.32. |