US STOCKS-S&P, Dow touch three-month lows on weak China data

jueves 13 de octubre de 2016 11:28 GYT

* Chinese exports drop 10 pct in September - report

* Gold ticks up, dollar near session low

* Materials, financials drop the most

* Indexes down: Dow 0.92 pct, S&P 0.90 pct, Nasdaq 1.03 pct (Adds details, changes comment, updates prices)

By Yashaswini Swamynathan and Tanya Agrawal

Oct 13 (Reuters) - The S&P 500 and the Dow Jones Industrial average touched three-month lows on Thursday, dragged down by weak Chinese economic data and a potential U.S. interest rate hike by the end of the year.

Data showed China's exports fell 10 percent in September, far worse than the markets had expected, while imports unexpectedly shrank, reviving concerns about the health of the world's second-largest economy.

The Fed on Wednesday released the minutes of its last rate-setting meeting that showed several policymakers felt a rate hike was warranted "relatively soon" if the U.S. economy continued to strengthen.

Losses were broad based, with ten of the 11 S&P sectors trading lower. The financial index fell the most in a month.   Continuación...