Markets Right Now: Asian stocks mixed after China trade drop
China's trade shrank in April in a sign of weak global and domestic demand despite government stimulus efforts, with exports contracting by 1.8 percent in April from a year earlier and imports down 10.9 percent.
Disappointing jobs data fueled speculation the Federal Reserve might keep interest rates low for another year.
Investors are watching to see if Philippine voters side with the front runner in elections Monday, a foul-mouthed mayor who has pledged to wipe out corruption.