"Asia Markets React to China's Export Decline: Tokyo Extends Record Rally Amid Mixed Stock Performance"

Asia markets fell as China's annual exports dropped for the first time in seven years, but Japan stocks extended their record rally. China's consumer price index fell less than expected, while its exports for December beat expectations, but overall trade declined in 2023. The Bank of Japan is unlikely to shift its ultra-loose monetary policy soon, with a portfolio manager arguing against a policy unwind. Oil prices rose after U.S. and U.K. strikes on Houthi rebels in Yemen, and shares of Uniqlo's parent company spiked after better than expected first quarter results. Additionally, Goldman Sachs highlighted opportunities in Asian tech stocks, and the Federal Reserve remains ready to cut interest rates despite higher inflation.