Asian Equities after weak trade Data out of China

Asian stock markets fell lower Monday morning after soft trade data out of China spooked regional Traders. The trade data was well below what was expected and was released over the weekend.

The Asian benchmark, in Japan, the Nikkei 225 was down over one percent. Shares shed 1.85 percent by late morning trade hours. In Tokyo, the Topix index was down 1.72 percent.

Looking at Japanese corporate news, shares of Japan Display were down 10.61 percent. The tech firm said that they had no plans to reduce production of smartphone panels this month. This comes after a news story said that they would

Japanese electronics company Pioneer saw its shares shedding 28.41 percent after they were bought by Baring Private Equity Asia.

In South Korea, the benchmark Kospi composite index was also down this morning. This index lost about one percent. Share of heavyweight of chip maker SK Hynix were down 2.4 percent.

Elsewhere in the Asian and Pacific Rim, the S&P ASX 200 was down sharply. This benchmark shed 1.9 percent by the late afternoon, Hong Kong time. Most sub-sectors were lower on the day.

Asian Traders send Mainland Indices in China Lower

Looking at the benchmarks on mainland China, which have been under pressure since the start of the trade war between the United States and China began, were lower this morning.

The Shanghai composite was down 0.44 percent. The smaller Shenzhen composite was down 0.75 percent.

In Hong Kong, the benchmark Hang Seng index was down by 1.4 percent. Shares of Hong Kong listed f China Construction Bankfell shed 1.23 percent.