China’s Stocks Pare Gains After Trade Data Show Imports Dropped
China’s stocks pared gains after a report showed imports declined last month, while exports grew less than economists had estimated.
The Shanghai Composite Index was little changed at 11:07 a.m. local time, while the CSI 300 Index added 0.2 percent. The Shanghai gauge was up as much as 0.4 percent earlier, while the CSI 300 had risen 0.7 percent.
China’s exports rose 2.7 percent in August from a year earlier, compared with the median estimate of 2.9 percent according to economists surveyed by Bloomberg. Imports dropped 2.6 percent, compared with a forecast increase of 3.5 percent.
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