Mixed Performance in Asian Markets as Investors Analyze Trade Data and Rate Concerns

Asia-Pacific markets were mostly lower as investors assessed trade data from China and Australia. Chinese imports and exports fell less than expected, while Australia's July trade surplus was lower than anticipated. India's consumer market is predicted to become the world's third largest by 2027. Goldman Sachs is bullish on China's e-commerce sector and has named two stocks in its conviction list. Morgan Stanley has named a European bank as a "top pick" with a 35% upside. Boston Federal Reserve President Susan Collins stated that the central bank can proceed cautiously on future interest rate hikes. The US dollar and oil prices experienced slight fluctuations, while the services sector in the US expanded at a faster-than-expected pace in August.