Asian markets shaky after weak Chinese trade data

Asian markets regained ground on Wednesday following falls as weaker than expected Chinese trade data sparked worries the country's growth may slow further in Q2.

Trade data for June showed China's exports dropped 3.1% from the previous year, the first fall in 17 months, while imports declined for the second month by 0.7%. Hong Kong's Hang Seng and China's Shanghai Composite indices dropped from their highs on the news. The Hang Seng retreated from a 1.5% gain down to 0.3%, the Shanghai Composite also dropped back to stand 0.3% higher and the Japanese Nikkei fell from a 0.4% gain down to a 0.4% decline. However, today the Shanghai market was 2.2% higher and the Hang Seng was up 0.7% as investors pinned their hopes on policy measures from the...