Asia Stocks Stumble As Weak China Trade Data Raise Growth Concerns
October 15, 2016
Asian stocks stumbled to three-week lows and U.S. stock futures and Treasury yields fell after China’s September trade data showed a sharp decline in exports, raising fresh concerns about the health of the world’s second biggest economy.
Risky assets have had a torrid start to the final quarter of 2016 after recent outperformance as concerns around the outcome of U.S. elections, fallout from a “hard Brexit” and a struggling German banking sector spread turmoil in markets.