GLOBAL MARKETS-Weak China data, stronger dollar send stocks skidding

jueves 13 de octubre de 2016 05:21 GYT
 

* European shares slip, pound extends slide

* Chinese trade data raises more FX weakness concerns

* Asian FX hit by U.S. rate view; Thai baht in focus

* Risk aversion pushes Japanese yen higher

By Marc Jones

LONDON, Oct 13 (Reuters) - World stocks stumbled to three-week lows on Thursday and developed market bond yields dipped, after Chinese data showed a sharp decline in exports, reviving concerns about the health of the world's second-biggest economy.

Riskier assets have had a difficult few weeks, undermined by concerns about a potential rise in U.S. interest rates, the outcome of U.S. elections, Britain's departure from the EU and the health of German and Italian banks.

Asia's markets suffered falls overnight after data showed Chinese imports in dollar terms were back in contractionary territory in September, while exports dropped by a sharper-than-expected 10 percent.

Europe opened with a thud too, with falls of 0.7-1.3 percent for Britain's FTSE, Germany's DAX and France's CAC pulling the pan-regional STOXX 600 down for a third day running and the sixth day in the last seven.   Continuación...