China's top stock market is diving
China's benchmark Shanghai Composite stock market is tanking on Monday after disappointing economic data.
The Shanghai Composite is down 3.12% at a 2-month low as of 7.50 a.m. GMT (2.50 a.m. ET):
Investing.com
The slide comes after data over the weekend showed Chinese exports declined by 1.8% in April, while imports slid by a steep 10.9%. PMI numbers for the same month also showed a slowdown in economic activity.
Elsewhere, the Hang Seng is up 0.44% in Hong Kong, just hanging on to gain. Stock markets in Japan are also rallying. The Nikkei closed up 0.68%, its first positive session in four after the Bank of Japan decided not to take any stimulus action at the end of April.
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