Shares in mainland China crumbled on Friday after Chinese trade data missed expectations.
Shares in mainland China crumbled on Friday after Chinese trade data missed expectations by a wide margin.
The significant losses in Chinese stocks came as overall sentiment in Asia was downbeat for the day. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.5 percent, as of 3:14 p.m. HK/SIN. China's February trade balance was also significantly weaker than expected at $4.12 billion. Economists polled by Reuters had expected the overall trade balance to come in at $26.38 billion. The country's trade balance in January had been $39.16 billion.
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