China's export and import data for January is set to be out on Friday.
The Nikkei 225 and mainland Chinese shares made strong gains the previous day following news that China had cut retaliatory tariffs on some U.S. goods by half.Markets in Japan are set to bounce higher as investors awaited the release of China's trade data for January on Friday.
Futures pointed to a higher open for Japanese shares, compared to the previous close. The Nikkei 225 made strong gains the day before following news thatMeanwhile, Australia shares edged down 0.10% in early trade on Friday. Investors will be keeping an eye on China's exports and imports data for January which are set to be released on Friday. The country's. In December China's trade surplus with the U.S. was $23.18 billion — down from $24.6 billion in November.
The U.S. and China signed a phase one trade deal in January that paused the trade escalation between them, which has seen each of them slap billions of dollars worth of tariffs on the other's goods. The U.S. said the partial agreement included a clause for China to purchase billions of dollars' worth of agricultural goods.
The Asian giant's economy, however, is now under the shadow of the ongoing coronavirus outbreak, which has led to
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