Asian stocks were lower as data showing China posted a big trade deficit last month overshadowed strong US jobs numbers and a rebound in Japan’s machinery orders.
The FTSE Asia Pacific index receded 0.6 per cent to 244.21 after China reported a $31.48bn trade deficit for February as exports took a hit from Europe’s economic slowdown.
The data stoked concerns about growth prospects in the world’s second-largest economy, offsetting the boost to global sentiment that had followed Friday’s better-than-expected US jobs data.
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