World shares sink after China reports slowdown in exports

Shares were lower in Europe and Asia on Monday, extending the latest losses on Wall Street after China reported a slowdown in exports. Wall Street looked set for a downbeat start to the week with the Dow future contract down 1 percent and the contract for the S&P 500 also 1 percent lower. CHINA TRADE: China said Monday that its exports to the U.S. contracted in December although its overall trade surplus with the U.S. hit a record $323 billion in 2018.

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