Emerging-market stocks declined for a second day after a report showing the biggest plunge in Chinese exports since 2009 spurred concern the global economy will falter. Brazil’s Ibovespa approached a bear market.
Copper dropped to the lowest level in more than eight months in New York as weaker-than-expected Chinese trade data and the yuan’s depreciation fueled concern that demand for industrial metals is slowing.
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.
Palm oil advanced to the highest level in almost 18 months after production in Malaysia dropped to the lowest since April 2012, depleting stockpiles in the world’s second biggest supplier to an eight-month low.