China's trade performance blew past expectations in March, with exports returning to growth for the first time in nine months, providing more evidence of stabilisation in the world's second-largest economy.
March exports r
Brent and US crude futures edged down on Monday as a strong dollar weighed on prices, paring gains from a more than 10-per cent jump late last week that came amid renewed talk that Opec might finally agree to cut output to reduce a world glut.
China's fragile stock markets edged up on Thursday as oil prices bounced from their lows and helped push Asian share markets higher.
The benchmark Shanghai Composite Index was up 0.5 percent at the end of the morning session.
Asian shares slid to their lowest levels since late 2011 on Monday after weak US economic data and massive falls in oil prices stoked further worries about a global economic downturn.
Oil prices fell as much as 4 per cent on Monda
The global gloom over China's yuan has deepened swiftly, with investment banks slashing forecasts and some analysts and money managers arguing it should fall by 15 per cent or more to respond to Beijing's financial imbalances.
China economy likely grew by around 7 per cent in 2015 and added 13 million new jobs, the top economic planning agency said on Tuesday as it announced the approval of more large infrastructure projects to avert the risks of a sharper slowdown.
China guided its yuan currency stronger for a second straight session on Monday, in a move that might calm concerns about how ready Beijing is to let the currency depreciate, but added to doubts over the ultimate policy intent.
Asian stocks fell on Monday and China's yuan hit fresh 4-1/2 year lows as plunging oil prices added to investors' nervousness about riskier assets ahead of an expected US rate rise by the Federal Reserve later in the week.
Stock markets worldwide tumbled on Friday, Brent crude oil prices fell to seven-year lows and China's yuan currency sank on risk aversion ahead of a widely anticipated US interest rate increase next week and worries over economic growth.
Asian shares fell on Monday as Chinese stocks extended last week's sharp losses, while the yuan bounced in volatile trade hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies.