Asian stocks plummet as China reports drop in exports

Source: Bloomberg
Asian stocks tumbled after China reported drop in exports and Japan's economy advanced at slower pace than expected. The MSCI Asia Pacific Index retreated 1.1%, thus falling from its six week high, while the Japan's Topix index slipped 0.8%. The most significant decrease in stock market was for Fortescue Metals Group which sank 9.4% as iron ore futures plummeted.
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Mon, 10 Mar 2014 13:08:06 GMT

U.S. stocks inch lower on China's data

Wall Street shared edged lower earlier on Monday trading session as the benchmark stock index Standard & Poor's 500 recorded its historical high last week after a government data showed that exports in China declined surprisingly last month. The S&P 500 Index futures fell as much as 2.5%, the Dow Jones industrial average dropped 21 points and the Nasdaq Composite

Mon, 10 Mar 2014 09:49:00 GMT

Japan's economy expands at slower pace than expected

Japan's economy climbed less than the forecast in the last quarter. The gross domestic product increased 0.7% annualised, while the analysts expected 0.9% growth. The Japan's economy in previous quarter advanced 1.1%, thus this quarter reaching the slowest rate of GDP growth since December 2012.  

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