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
lost 1.4%, while the Shanghai Composite
decreased 0.6%. Kospi
in South Korea fell 0.7% and Australia's S&P ASX 200
yielded 0.3%. Shares also fell in Taiwan
and Southeast Asia. Japan's markets were closed for a holiday.
Among the individual stocks, oil producer CNOOC
and tech giant Tencent
each fell into Hong Kong trade, chip maker SK Hynix
tumbled in South Korea and Taiwan Semiconductor
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
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
dipped less than 0.1% to 23,995.95 and the Nasdaq composite material
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."
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
the international standard, lost 60 cents to 59.88 dollars. It dropped 1.9 percent to $ 60.48 a. Barrel in London.
traded at 108.13 yen, down from 108.48 yen on Friday.
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