Asian currencies halted a seven-day run of gains as a sharper-than-predicted drop in Chinese imports added to signs the world’s second-largest economy is slowing. Shipments of goods into China fell for an 11th straight month, declining 20.4 percent, more than the 16 percent estimate in a Bloomberg survey. The figures paint a gloomy picture for exports from South Korea and Taiwan, which count China as their biggest overseas market. Indonesia’s rupiah led losses as an index of commodities dropped overnight, damping the outlook for the producer of palm oil and coal. The Malaysian ringgit slumped after a plunge in oil on Monday. “Overnight we’ve seen the crude oil prices turning back,” said Sim Moh Siong, a currency strategist at Bank of Singapore Ltd. “Investors are waiting on the sidelines to see what’s transpiring in the fundamental picture, but the fundamental picture hasn’t changed all that much in terms of […]