Friday brought more signs that China's economy is slowing.
China reported that its exports increased 1.0 percent in July from a year earlier, sharply down from the 11.3 percent gain in June. Imports rose 4.7 percent last month compared with an increase of 6.3 percent in June.
Another report from China showed that new bank lending plunged to 540.1 billion yuan in July from 919.8 billion yuan in June.
Market reaction to the weak Chinese economic data was relatively muted. In China, stocks fell on Friday, with the Shanghai Composite slipping 0.2 percent. US stocks rose though, the S&P 500 rising 0.2 percent to extend its advance for a sixth day.