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Global Markets - Weak China trade hits stocks, prompts risk-off trade

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - World stock indexes fell on Monday after a shock contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets.Copper and other commodity prices fell and the Australian and New Zealand dollars also declined following the China news, which added to worries that U.S. tariffs on Chinese goods were taking a toll on the world's second-largest economy. The yen rose against the dollar. "The biggest theme (in the market today) is risk-off," said John Doyle, vice president of dealing and ...

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First Published: Mon, January 14 2019. 23:50 IST