China stocks fall on trade data

Mainland China shares closed mostly down on Thursday, 10 July 2014, as appetite for risk assets dented after disappointing trade figures and lingering concern the slowing economy will hurt earnings. The benchmark Shanghai Composite was down 0.27 point, or 0.01%, to 2038.34. Trading turnover slightly declined to 84.74 billion yuan from yesterday's 84.75 billion yuan.

The National Bureau of Statistics said on Thursday that the trade balance of the world's second largest economy narrowed from a surplus of US$35.92 billion in May to a surplus of US$31.06 billion in June. Exports were up by 7.2% over the year compared with a rise of 7% in May while imports were up by 5.5% after a fall of 1.6% in May.

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