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China worries weigh on Wall St., earnings expectations tepid

Reuters  |  NEW YORK 

By April JoynerNEW YORK (Reuters) - U.S. stocks declined on Monday as an unexpected drop in China's exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicks off.Data showed that China's exports unexpectedly fell the most in two years in December and imports also contracted. The drop pointed to further weakening of the world's second-largest economy and faltering global demand. Chipmakers, which get a sizable portion of their revenue from China, took a hit, with the Philadelphia SE Semiconductor Index down 1.3 percent. ...

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First Published: Tue, January 15 2019. 01:52 IST
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