While you were sleeping: China sinks stocks, metals

Tue, 08 Mar 2016

By Margreet Dietz March 9 (BusinessDesk) - Equities on both sides of the Atlantic moved lower after worse-than-expected trade data renewed concerns about China’s economy. A report showed China posted a 25.4 percent drop in exports in US dollar terms last month compared to the year-earlier month, the largest in six years, following an 11.2 percent decline in January. Imports fell 13.8 percent in February, after an 18.8 percent slide in January. The fresh worries about China’s economic recovery also sent prices of base metals, including...

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