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Asia-Pacific stocks slip; China’s April trade data ahead


SINGAPORE — Shares in Asia-Pacific declined in Monday morning trade as investors look ahead to the release of Chinese trade data for April.

Japan is home to the Nikkei 225As shares in conglomerates fell, they dropped 1.22% SoftBank GroupMore than 2% of the Topix index dropped. Topix lost 0.89%.

South Korea KospiThe sank to 0.34%, while S&P/ASX 200 in Australia declined 0.31%.

MSCI’s Asia-Pacific share index, which is the largest outside of Japan, traded 0.2% lower.

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It U.S. dollar indexThe metric, which compares the greenback to a basket of peers, reached 103.767 after a recent rise from below 103.2.

It Japanese yenThe dollar traded at 130.79 dollars, which is weaker than the levels of below 129 last week. The Australian dollarAfter last week’s decline from over $0.721, the exchange rate was $0.7041.

The morning Asia trading hour saw oil prices lower, with an international benchmark Brent crude futuresDropping 0.6% to $111.72/barrel U.S. crude futuresBarrel price dropped by 0.67% to $109.04