Asian Stocks Slide After China Trade Data; Topix Rallies on Yen

PT. Equityworld Futures - Asian stocks slid as China trade figures showed signs of weakness in the region™s biggest economy. Japanese equities rallied on a weaker yen after U.S. payrolls topped estimates.

Benchmark indexes in Seoul, Sydney and Wellington slipped at least 0.4 percent as of 9:01 a.m. in Tokyo. Japan™s Topix index climbed 0.8 percent, leaving the MSCI Asia Pacific Index little changed at 141.24. China™s imports plunged by the most in more than five years and exports unexpectedly fell, a report over the weekend showed. Futures on the FTSE China A50 Index dropped 0.7 percent in most recent trading in Singapore.

The Topix rallied as the yen traded at 119.04 per dollar, after declining 1.3 percent on Friday. The greenback surged as odds of a Federal Reserve interest-rate increase as early as June rose on Friday™s jobs report, which showed payroll gains in January capped the biggest three-month increase in 17 years.

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Gold Extends Gains as China Easing, Greece Debt Fan Haven Demand

PT. Equityworld Futures - Gold climbed for a second day after the People™s Bank of China joined central banks acting to counter slower growth, and policy makers in Europe tightened the terms of Greece™s bailout, boosting demand for a haven.

Bullion for immediate delivery rose as much as 0.4 percent to $1,274.18 an ounce, and traded at $1,272.39 at 9;10 a.m. in Singapore, extending Wednesday™s 0.7 percent gain, according to Bloomberg generic pricing. The metal rebounded from a two-day, 1.8 percent drop even as the Bloomberg Dollar Spot Index rose.

Gold for April delivery advanced 0.7 percent to $1,273.30 an ounce on the Comex in New York, after climbing 0.3 percent a day earlier.

Silver for immediate delivery rose 0.5 percent to $17.456 an ounce. Spot platinum gained 0.2 percent to $1,243.63 an ounce and palladium increased 0.3 percent to $794.75 an ounce.

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Gold Rises for First Time in Three Days on China Monetary Easing

PT. Equityworld Futures - Gold futures rose for the first time in three days as China took steps to shore up economic growth amid signs of a deepening slowdown, boosting demand for the metal as a store of value.

China reduced the amount of cash lenders must set aside as reserves in a bid to increase liquidity, following capital outflows and weaker manufacturing. Gold pared earlier gains of as much as 1 percent after a report showed U.S. service industries expanded at a faster pace last month.

The metal in January jumped the most in three years as concern mounted that Greece would exit the euro area and officials in Europe and Asia announced stimulus to bolster stagnating economies. Imports by India, the world™s second-biggest user, surged in the 10 months ended Jan 31 after the government eased curbs on purchases.

On the Comex in New York. gold futures for April delivery rose 0.3 percent to settle at $1,264.50 an ounce at 1:51 p.m. Aggregate trading was 25 percent below the 100-day average, according to data compiled by Bloomberg. The price fell 1.5 percent in the previous two days on concern that U.S. interest rates will increase soon.

Last year, gold posted a consecutive annual decline for the first time since 1998 as the U.S. economy gained traction and equities surged to a record.

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Gold Falls as Global Equities Rose on Easing Greek Debt Concerns

PT. Equityworld Futures - Gold futures declined for the second straight day as easing concerns on Greek debt boosted global equities, reducing demand for alternative assets.

Greek Finance Minister Yanis Varoufakis proposed late on Monday to exchange existing debt for new bonds linked to economic growth. The MSCI All-Country World Index and the Standard & Poor™s 500 Index of U.S. stocks both rose as much as 1.3 percent.

Gold in January capped the biggest monthly gain in three years as concern that Greece would exit from the euro zone and signs of slowing economies outside the U.S. fueled demand for haven assets. The metal fell on Monday on concern that U.S. interest rates will increase soon.

Gold futures for April delivery fell 1.3 percent to settle at $1,260.30 an ounce at 1:51 p.m. on the Comex in New York. The metal dropped 0.2 percent on Monday.

Last year, gold posted a consecutive annual decline for the first time since 1998 as equities surged to a record and the U.S. economy gained traction.

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