Asia stocks were set to trade lower on Monday as China's exports declined in November for the fourth consecutive month, Reuters reported citing customs data.
China's overseas shipments dropped 1.1% year-on-year in November, below the 1.0% expansion expected by analysts in a Reuters poll. Imports, on the other hand, rose 0.3% as compared to a year earlier — exceeding projections for a 1.8% decline.
The latest print on Chinese trade comes as Beijing remains embroiled in a trade war with Washington. Both parties aim to reach a "phase one" trade deal that has remained elusive ahead of a closely-watched date of Dec. 15, when additional tariffs on Chinese exports to the U.S. are set to kick in.soaring 337.27 points to close at 28,015.06 on Friday — its best performance since Oct. 4.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China November iron ore imports down for second month as top miners ship lessChina's iron ore imports fell for a second straight month in November, cust...
Read more »
China November exports fall, but import growth hints of recovering demandChina's exports in November shrank for the fourth consecutive month, unders...
Read more »
China November iron ore imports down for second month as top miners ship lessChina's iron ore imports fell for a second straight month in November, cust...
Read more »
China November crude oil imports hit record high as refiners race to use up quotasChina's crude oil imports hit a record high on a daily basis in November, a...
Read more »
China copper imports hit 13-month high in November on improved factory activityChina's copper imports rose 12.1% in November from the previous month to th...
Read more »
Britain's Tesco considers Asia exitBritain's biggest retailer, Tesco , has signaled a further retreat from its...
Read more »