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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%.
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