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Materials Down After Weak Chinese Import Data -- Materials Roundup

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09/09/2019 | 04:31pm EDT

Producers of metals and other raw materials fell after weak Chinese import data suggested the trade war is taking a toll on global trade.

In yuan terms, China's imports dropped 2.6% in August, the customs bureau said, over the weekend. Shares of miners such as Antofagasta, Rio Tinto and Anglo American initially fell sharply on the Chinese data before recouping losses during the U.S. trading session.

Shares of U.S. miners, including FreeportMcMoRan, rose after optimistic comments about trade negotiations from Treasury Secretary Steven Mnuchin.

The dollar was weak against other currencies after a survey showed weakening inflation expectations among consumers. The Federal Reserve Bank of New York said that inflation expectations a year and three years from now fell in August.

Write to Rob Curran at rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC -2.69% 1932.2 Delayed Quote.13.55%
ANTOFAGASTA -1.58% 862.4 Delayed Quote.11.82%
RIO TINTO GROUP 2.16% 91.91 End-of-day quote.12.04%
RIO TINTO PLC -1.66% 4140 Delayed Quote.12.86%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.04% 7.0713 Delayed Quote.2.96%
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