Stock market today: Asian shares fall as China reports weaker global demand hit its trade in August
Shares have fallen in Asia as China reported weaker global demand hit its trade in August, adding to pressures on its economy
By ELAINE KURTENBACH
Published - Sep 07, 2023, 02:48 AM ET
Last Updated - Sep 07, 2023, 02:48 AM EDT
Shares slipped Thursday in Asia as China reported weaker global demand hit its trade in August, adding to pressures on its economy.
Oil prices and U.S. futures also fell.
Hong Kong’s benchmark fell more than 1% and most other major regional markets also declined.
China said its exports fell 8.8% in August from a year earlier, while imports were down 7.3%. The declines were smaller than the double-digit drops in July, however, and were better than most forecasts.
