Chinese Economic Data Continue To Weigh On The Equity Market

Chinese trade balance data for September released on Thursday, October 13th, have fueled concerns on the outlook for the world economy. Exports fell by 5.6% y/y and imports increased by 2.2% y/y. The data were worse than expected by consensus, which estimated exports to rise by 2.5% and imports by 5.5%. With the Yuan fallen against the US Dollar, exports fell by 10% and imports by 1.9% when measured in US Dollars.

The decline of exports (continue reading…)

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