Weak China trade data hits equities, U.S. dollar

By Herbert Lash NEW YORK (Reuters) - Global equity markets slumped to a three-month low on Thursday after disappointing Chinese trade data renewed concerns about the world's second-largest economy, but rebounding oil prices and the dollar's market role led U.S. stocks to pare losses. Stocks on Wall Street fell almost 1 percent and in Europe a bit more at their lows, following data that showed Chinese imports in dollar terms had contracted and exports dropped by a sharper-than-expected 10 percent