CANADA STOCKS-Futures trade lower with focus on China, N.Korea

Wed Jan 6, 2016 7:22am EST
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Jan 6 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Wednesday as concerns over the Chinese economy resurfaced after it allowed the yuan to weaken further and a nuclear test by North Korea added to a growing list of geopolitical worries.

March futures on the S&P TSX index were down 1.33 percent at 7:15 a.m. ET.

Statistics Canada will release trade balance data at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index edged lower on Tuesday as consumer, industrial and materials stocks weakened, while energy stocks rose despite weaker crude oil prices.

Dow Jones Industrial Average e-mini futures were down 1.52 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 1.59 percent and Nasdaq 100 e-mini futures were down 1.8 percent.

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North Korea said it successfully tested a miniaturised hydrogen nuclear device, claiming a significant advance in its strike capability and setting off alarm bells in Japan and South Korea.   Continued...