Asian stocks fell, with the regional benchmark index retreating from a six-week high, after reports showed an unexpected slump in Chinese exports and slower growth in Japan than economists had projected.
Investigators from nine countries are struggling to solve the mystery of a missing Malaysian jet, as Vietnamese forces today failed to find the airplane debris they had spotted yesterday off the country’s southern coast.
The use of stolen passports by two passengers to board a Malaysian airliner that vanished over the South China Sea sends a “red flag” that terrorism may have played a part, according to security officials and analysts.
Emerging-market stocks fell, led by the biggest tumble in Chinese shares since June, as weaker-than- estimated trade data spurred concern the world’s second-largest economy is slowing. Malaysia’s ringgit led developing-nation currencies lower.
Thailand’s baht fell by the most in almost three weeks as U.S. data supported odds that the Federal Reserve will keep trimming monetary stimulus, while a slide in China’s exports raised concern about regional growth.
Teams searching for the wide-body jetliner that vanished off Vietnam almost certainly will locate it and figure out what brought it down, according to aviation investigators and case files spanning four decades.
Vietnamese searchers looking for a missing Malaysian Airline Boeing Co. 777-200 said they found a suspected window or door fragment as efforts to learn the plane’s fate extended to scrutiny of security camera images of two passengers using stolen passports.