U.S. Markets close in 1 hr 10 mins

China’s Exports, Imports Fall Less Than Expected in October

Investing.com - China’s exports and imports fell less than expected in October, the country’s customs showed on Friday.

In dollar terms, exports fell 0.9% during the month from a year earlier. The fall was less than the expected 3.9%.

Meanwhile, imports were down 6.4%, also less than the previous forecast of 8.9%.

Trade balance for October was $42.81 billion. Analysts had forecast the trade balance to be $40.83 billion.

In yuan terms, trade balance came in at CNY 301.38 billion versus the expected CNY 220.20 billion.

Chinese stocks opened mixed earlier in the day but traded higher following the release of the data.

The Shanghai Component gained 0.4%, while the Shenzhen Component climbed 0.8% by 10:52 PM ET (02:52 GMT).

Related Articles

Dollar holds gains on progress in U.S.-China trade talks

Global optimism, UK spending promises lift long gilt yields to three-month high

Forex- U.S. Dollar Rises as Trade Deal Progresses