Stock market today: World shares fall as China reports weaker global demand hit its trade in August
Shares are lower in Europe and Asia after China reported that its exports fell for a fourth straight month in August, adding to pressures on its slowing economy
World shares slipped Thursday after China reported that its exports fell for a fourth straight month in August, adding to pressures on its slowing economy.
Oil prices and U.S. futures also fell.
Germany's DAX lost 0.2% to 15,718.12. In London, the FTSE 100 edged 0.1% lower, to 7419.42. The CAC 40 in Paris gained 2 points to 7,196.75.
The future for the S&P 500 was down 0.4% while that for the Dow Jones Industrial Average lost 0.1%.
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.
Hong Kong's Hang Seng, which has yoyoed this week on news about possible policy changes for China's troubled property sector, declined on selling of tech shares. It fell 1.3% to 18,202.07.
The Shanghai Composite index lost 1.1% to 3,122.35, while Tokyo's Nikkei 225 shed 0.8% to 32,991.08.
In Seoul, the Kospi sank 0.6% to 2,548.26. Australia's S&P/ASX 200 was off 1.2% at 7,171.00.
Shares in most other regional markets fell.
On Wednesday, the S&P 500 dropped 0.7% and the Dow industrials shed 0.6%. The Nasdaq gave back 1.1%.
Big technology stocks were among the biggest drags on the market. Apple fell 3.6% and Nvidia dropped 3.1%.
But several companies made big moves after reporting earnings and other updates. AeroVironment jumped 20.7% after the maker of unmanned aircrafts raised its sales forecast for the year. Roku rose 2.9% after giving investors an encouraging financial update and saying it would cut 10% of its staff.
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