Global miners weighed by weak Chinese trade data

|By:, SA News Editor

Mining shares, highly sensitive to Chinese demand, are weak in premarket trade after Chinese exports last month slumped 18% from a year ago, in contrast to the 5% increase that was expected by economists.

Although the sharp drop raised concerns over Asia's largest economy, distortions due to the long Lunar New Year holidays could have contributed to the surprise fall.

CLF -2.1%, BHP -1.9%, RIO -1.9%, FCX -1.3%, AA -1.3% premarket.