Market Report - Asia Shares Fall

Asian shares fell for a second straight session after recent optimism was undermined by reports highlighting economic weakness.

China's exports in April fell more steeply than expected, casting fresh doubt on recovery prospects for the world's third largest economy.

Hopes of a recovery in China fueled a surge in equity markets to seven-month highs as investors bet on a turnaround in the global economy.

Australian stocks eased as the government unveiled its budget as the country edges toward recession.

In Seoul financial shares led losses ahead of a rate decision by the Bank of Korea

Category:

News & Politics

Tags:

• reports
• highlighting
• economic
• China's
• exports