Asia markets sink as China exports plunge on trade war

ChinaChina’s Shanghai Composite sank 2.9%, while Japan’s Nikkei index shed 2% and Hong Kong’s Hang Seng index dropped 1.5% in afternoon trading after figures showed Chinese exports plunged 20.7% in February from a year ago.

While the data could have been affected by the Lunar New Year holidays last month, it was the largest decline since February 2016 and higher than the 4.8% drop forecast in a Reuters poll of economists.

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