China leads stock markets retreat on trade talks doubts

China leads stock markets retreat on trade talks doubts

SINGAPORE (AP) — Shanghai led a retreat in world markets on Friday amid worries that the U.S. and China may not be as close to a trade deal as President Donald Trump has suggested.

Selling picked up after China reported that its exports plunged more than 20 percent in February from a year earlier. The Shanghai Composite tumbled 4.4 percent to 2,969.86, while Hong Kong’s Hang Seng sank 1.9 percent to 28,228.42.

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