• Asian shares decline as China reports slowdown in exports

    5 days ago - By Chron

    BANGKOK - Shares were lower in Asia on Monday, extending the latest losses on Wall Street, as China reported a slowdown in exports.
    KEEPING SCORE: Hong Kong's Hang Seng index lost 1.4 percent to 26,299.19 while the Shanghai Composite fell 0.6 percent to 2,539.59. The Kospi in South Korea declined 0.7 percent to 2,061.25 and Australia's S&P ASX 200 gave up 0.3 percent to 5,757.50. India's Sensex dropped 0.6 percent to 35,801.95. Shares also fell in Taiwan and Southeast Asia. Japan's markets were closed for a holiday.
    CHINA TRADE: China said Monday that its exports to the U.S. contracted in...
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  • China 2018 exports up 7.1 percent, imports up 12.9 percent

    6 days ago - By Chron

    BEIJING - China's government reports 2018 exports rose 7.1 percent as a trade battle with Washington intensified, while imports were up 12.9 percent.
    Monday's announcement comes as Beijing tries to reverse a decline in economic growth while facing a potential fall-off in American orders for Chinese goods following President Donald Trump's tariff hikes in the fight over China's technology ambitions.
    Chinese exporters also face pressure from cooling consumer demand in other global markets.
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