Tokyo, Japan (BBN)-Japanese shares headed higher on Monday after data showed the country’s trade account fell into a deficit in April, but was still better than expected.
The deficit was 53.4bn yen ($440m; £283m) – lower than 825.5bn yen a year ago, and below expectations of 318.9bn yen. There was a surplus in March, reports BBC.
Exports in the world’s third largest economy rose 8% from a year ago – up for the eighth month – but imports fell nearly triple the forecast at 4.2%.
The Nikkei was up 0.6% to 20,387.26.
Investors were expecting the deficit, but sentiment was boosted by the fact that the shortfall was much lower than anticipated.
Chinese shares were up with the Shanghai Composite 1% higher at 4,703.7 in early trade.
The Hong Kong market was closed for a public holiday.
In Australia, the S&P/ASX 200 was higher 0.9% to 5,715.5.
Shares of miner Sirius Resources jumped more than 20% after fellow miner Independence Group launched a $1.4bn (£904m) bid to take it over and create a diverse base metals and gold mining group.
Meanwhile, markets in South Korea were closed for Buddha’s birthday holiday.