Global miners weighed by weak Chinese trade data


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.

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  • jhawkinstx
    , contributor
    Comments (78) | Send Message
     
    Anyone who pays attention to this knows that the month of the Chinese New Year.....every year is like this...one screwy reporting month....and this year the calendar caused it to stagger over a productive month last year for comparison......thus is a non event
    11 Mar 2014, 01:23 AM Reply Like
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