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WEAK CHINA TRADE DATA HITS EQUITIES, U.S. DOLLAR

  • Writer: Editor Desk
    Editor Desk
  • Oct 13, 2016
  • 1 min read

Global equity markets slumped to a three-month low on Thursday while the dollar and benchmark sovereign bond yields slipped, after a sharp decline in Chinese exports revived concerns about the health of the world's second-largest economy.Stocks on Wall Street fell almost 1 percent, and in Europe a bit more, following data that showed Chinese imports in dollar terms were back in contraction territory and exports dropped by a sharper-than-expected 10 percent.

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