CHINESE EXPORTS UNEXPECTEDLY TUMBLE

Chinese exports unexpectedly fell 6.6% year-over-year in March. This missed expectations for a 4.8% rise, and compares with an 18.1% decline the previous month. Imports were down 11.3% on the year, and missed expectations for a 3.9% rise. This compares with a 10.1% rise in February. Meanwhile, China posted a trade surplus of $7.7 billion, wider than expectations for $1.80 billion. This compares with a deficit of $22.9 billion the previous month. Ahead of the data release, Bank of America's Ting ...