China's Exports and imports fell in January due to virus risks

Published On: Wednesday, February 5, 2020 | By: Team KnowMyStock

China's exports and imports fell in January after a brief rebound at the end of last year and a rapidly spreading virus outbreak could disrupt its global trade for months to come. Exports from the world's second-largest economy are expected to have dropped 4.8% in January from a year earlier compared with a 7.9% gain in December and marking the steepest fall since February 2019. Imports fell 6% from a year earlier in January, a sharp contrast with 16.5% growth in the previous month. The drop was likely due to seasonal distortions caused by the long Lunar New Year holidays. The impact of the virus on trade will start to show in February data as many Chinese exporters say they're facing difficulty in fulfilling overseas orders for February as companies are unsure when they will resume production.

Source: Investment Guru

Tags: China

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

Follow Us On: