Asian stocks drifted lower on Thursday after China reported weak trade figures for August, adding to worries about slowing growth in the world's second-largest economy.
Chinese exports fell 8.8 percent year on year to $284.9 billion last month, extending declines for the fourth straight month as a result of weak external demand and persistent supply chain issues, according to customs data released earlier today. However, the decline was less than the 14.5 percent plunge in July.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.