Exports to China fell 9.3 per cent in 2025, while imports surged, pushing Germany’s annual trade deficit with China to a record €89 billion (US$106 billion).
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Stocks in South Korea and Japan hit record highs in early trading, pushing MSCI’s broadest index of Asia-Pacific shares to another all-time peak.
The main index eases to 1,754.17 amid limited retail participation ahead of the Chinese New Year break.

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