Stock market today: Asian shares fall as China reports weaker global demand hit its trade in August

Stock market today: Asian shares fall as China reports weaker global demand hit its trade in August

SeattlePI.com

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Shares have fallen in Asia as China reported weaker global demand hit its trade in August, adding to pressures on its economy. Oil prices and U.S. futures also fell. Hong Kong's benchmark gave up more than 1% and most other major regional markets also declined. China said its exports fell 8.8% in August from a year earlier, while imports were down 7.3%. On Wednesday, the S&P 500 shed 0.7% and the Dow industrials fell 0.6%. The Nasdaq composite handed back 1.1% as declines in several big technology stocks, including Apple, weighed on the market. Treasury yields rose following data showing the U.S. services sector remains strong.

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