Shipping and tanker stocks look to China for cues

• JPMorgan is pointing to economic news out of China as a positive sign for tanker stocks.
• The investment firm notes that China was a net exporter of refined products for the third straight month and saw a significant jump in crude oil imports.
• Despite the positive spin from JP, the tanker sector is trading mostly lower on macroeconomic developments, including a sub-7% GDP print from China. Dry bulk shipping stocks are mixed on the day.
• Related stocks: DHT, FRO, NNA, TNP, TNK, NAT, SFL, EURN.