While you were sleeping China hits stocks, copper

Mon, 10 Mar 2014

By Margreet Dietz March 11 (BusinessDesk) – Stocks and commodities including copper and iron ore fell after a surprise drop in China’s exports bolstered concern about the slowing growth in the world’s second-largest economy. China’s exports sank 18.1 percent in February from a year earlier, according to General Administration of Customs data on the weekend. As a result, copper futures for May delivery shed 1.5 percent to US$3.0355 a pound in afternoon trading on the Comex in New York, extending Friday’s slide of about 4 percent. In afternoon...

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