Asia stock fall after Chinese trade data missions expectations


Asian economies have dropped at least 1% on Monday as data showed China exports weakened ahead of US. China's trade talks and tracking last week's stock market retreat in the US.

Japan's Nike

Nick, -2.27%

Losses over the session, dropping 2.25% between the dollar's 0.4% decline against the yen.

China's export growth rate in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington.

Exports rose 5.4% over a year ago to $ 227.4 billion, a marked decline of the previous month's 12.6% increase, customs data showed Saturday. Imports rose 3% to $ 182.7 billion, a sharp reversal of October 20.3% surge.

That adds to signs of slowdown in the world's second-largest economy is as China's leader prepares for negotiations with President Donald Trump over Beijing's technology policy and other irritation.

Financial weakens over the area, helped by decline in disadvantages; 10-year treasuries are down 2.83%. Australia's benchmark

XJO, -2.25%

Declined 2%, and Hong Kong equities

HSI, -1.41%

Were down about 1.5%. The Jakarta Composite Index

Jackidx, + 0.18%

It was much better than the rest of Asia, leaving only 0.2% after being among the few to rise last week.

S & P 500 futures

ESZ8, -0.78%

Are off session lows but still down 0.7%.

Provide crucial information for the US. It. Trading day. Subscribe to MarketWatch free need to know newsletter. Sign up here.

Source link