China stocks drop after trade data disappoints with Hang Seng tanking 4%, CSI 300 falls over 2%

China stocks fell Tuesday even as broader Asia-Pacific markets rose following gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500 reach new record highs.

Mainland China’s CSI 300 dropped 2.66% to end at 3,855.99, while Hong Kong’s Hang Seng index was down 3.67% to end at 20,318.79.

China had posted disappointing September trade data after markets closed Monday, with exports rising 2.4% from a year ago and imports adding 0.3%, both sharply missing expectations.

Revised trade data out of South Korea showed trade surplus at $6.7 billion in September — same as preliminary data — up from $3.7 billion in August.

South Korea’s Kospi rose 0.39% to end at 2,633.45, while the small-cap Kosdaq gained 0.4% to reach 773.81.

Japan’s Nikkei 225 gained 0.77% to close at 39,910.55, while the broad-based Topix rose 0.64% to reach 2,723.57.

Australia’s S&P/ASX 200 rose 0.79% to end trading at 8,318.4.

On Wall Street, the broad market S&P climbed 0.77% to 5,859.85, while the 30-stock Dow advanced 201.36 points to 43,065.22, ending the session above the 43,000 mark for the first time.

The Nasdaq Composite added 0.87%, closing at 18,502.69.

— CNBC’s Yun Li and Lisa Kailai Han contributed to this report.