LONDON, Oct 13 (APP/AFP): World stocks mostly fell Thursday as weak Chinese data reinforced fears over the world’s number two economy, while a spat between Britain’s Tesco and Dutch giant Unilever hit sentiment in Europe. In midday deals, London stocks was down 0.8 percent, Frankfurt declined 1.3 percent, Paris shed 1.4 percent and Amsterdam slid 1.3 percent in value. Asian bourses also buckled on news that China’s exports plummeted last month, as anaemic global demand hit the world’s second-largest economy, while weak imports fuelled worries about crucial domestic appetite. However, troubled Samsung Electronics staged a slight recovery on bargain-buying after losing about 10 percent of its value this week on the Galaxy Note 7 crisis. China said exports plunged more than predicted last month, disappointing markets after a recent upbeat reading on factory activity. In yuan terms it snapped six straight months of increases. Imports also fell, confounding predictions for a rise.
International News
Markets swing lower on China trade data, retail row
