China trade data add to growth woes, Asia stocks rally ends

A more than week-long rally across Asian markets came to an end as profit-takers moved in and worries about China resurfaced with the weak trade figuresA more than week-long rally across regional markets came to an end as profit-takers moved in and worries about China resurfaced with the weak trade figures. Adding to downward pressure across Asia was a sell-off in energy firms that was fuelled by a plunge in oil prices late Monday and the weak data from China, the world’s top energy user. Comments from Federal Reserve officials suggesting the central bank will delay a US interest rate hike until next year were also unable to shore up confidence.

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