Commodities rout deepens as Chinese trade data signal weaker demand
by Staff and agencies from on (#X07A)
Figures suggest continued weak domestic demand from the world's biggest energy user, driving the price of oil, iron ore and other metals lower
The accelerating rout in commodity prices has piled pressure on energy and resources shares in Asia Pacific amid more signs of slowing demand from China.
Although oil prices pushed back on Tuesday from seven-year lows, stock markets around the region felt the pain from uncertainty about global growth and the likely rise in US interest rates later this month.
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