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Asian markets fall as China reports decline in exports



The stocks were lower in Asia on Monday and widening recent losses on Wall Street as China reported a slowdown in exports.

Hong Kong's Hang Seng Index

HSI, -1.47%

lost 1.4%, while the Shanghai Composite

SHCOMP, -0.51%

decreased 0.6%. Kospi

SEU, -0.64%

in South Korea fell 0.7% and Australia's S&P ASX 200

XO0, -0.02%

yielded 0.3%. Shares also fell in Taiwan

Y9999, -0.66%

and Southeast Asia. Japan's markets were closed for a holiday.

Among the individual stocks, oil producer CNOOC

0883, -3.90%

and tech giant Tencent

0700, -2.72%

each fell into Hong Kong trade, chip maker SK Hynix

000660, -4.30%

tumbled in South Korea and Taiwan Semiconductor

2330, -1.36%

landslide in Taiwan.

On Monday, China said exports to the US were concluded in December, although the overall US trade surplus hit a record $ 323bn. USD in 2018. Exports to the US rose 11.3% to $ 478.4 billion a year despite punitive tariffs imposed by President Donald Trump in a fight against Chinese technological ambitions. Customs data showed that imports of US goods rose only 0.7% in 2017, reflecting the impact of Beijing's retaliation rates and encouraging importers to buy more from non-US suppliers.

U.S. Stock indices ended a hair lower on Friday after the declining oil price balanced on energy companies. S&P 500

SPX, -0.01%

nonetheless closed its third straight winning week after a brutal stretch in December and slid 0.1% lower to 2,596.26. Dow Jones Industrial Average

DJIA, -0.02%

dipped less than 0.1% to 23,995.95 and the Nasdaq composite material

COMP, -0.21%

lost 0.2% to 6,971.48.

"Risk has remained wild today, as pre-earnings jitters in the midst of a turbulent cross-over, investors have adopted a more defensive approach, even after the Fed had patience for further interest rate hikes," Stephen Innes of Oanda said in a comment. "The markets were entering today China's trading data, which expects leading indicators of regional trade to be weak and export orders point to a continued weakening mood. In fact, it turned out."

crude oil

CLG9, -1.09%

yielded 50 cents to $ 51.09. Barrel in electronic commerce on the New York Mercantile Exchange. It lost 1.9 percent to settle at $ 51.59 per. Barrel on Friday. Burned raw

LCOH9, -1.09%

the international standard, lost 60 cents to 59.88 dollars. It dropped 1.9 percent to $ 60.48 a. Barrel in London.

The dollar

USDJPY, -0.39%

traded at 108.13 yen, down from 108.48 yen on Friday.

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