Japanese stocks fluctuated as investors weighed data showing the nation unexpectedly posted a sixth straight monthly trade deficit. Exporters climbed amid a weaker yen while energy shares retreated on a drop in oil.
The Topix index added 0.3 percent to 1,503.08 as of 9:09 a.m. in Tokyo after falling as much as 0.2 percent. The Nikkei 225 Stock Average gained 0.2 percent to 18,248.61. The yen traded at 119.88 per dollar after falling for four days.
Japan’s posted a 114.5 billion yen trade deficit in September, worse than economists estimates for an 87 billion yen surplus. Export growth slowed to 0.6 percent from a year earlier compared with a 3.1 percent gain a month earlier. Imports slumped 11.1 percent.
Source : Bloomberg