Asia Markets: Asian stocks turn lower, snapping Nikkei’s long winning streak

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Strong exports of semiconductor chips boosted Japan’s trade surplus in June.

Most Asian stocks rose moderately Thursday, taking their cue from the U.S. markets where stocks got a boost from a Federal Reserve report that painted a rosy picture of the U.S. economy.

The Beige Book, a collection of anecdotal account of business conditions, showed that 11 of the 12 districts surveyed were expanding at a “modest” or faster pace with only the region around St. Louis reporting “slight” growth.

Shanghai Composite SHCOMP, -0.66% bucked the trend in the region to slide 0.3% while Hong Kong’s Hang Seng HSI, -0.26% edged up 0.1%.

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