Emerging-market stocks fell for a third day and the yuan touched a 16-month low after a factory report signaled continuing weakness in China’s economy. Australia’s dollar fell and bonds rallied after inflation unexpectedly slowed.
Emerging-market stocks fell for a third-day, led by Chinese shares after a manufacturing gauge signaled a fourth month of contraction in the world’s second- biggest economy. The yuan touched its lowest level since 2012.
WH Group Ltd., the world’s biggest pork supplier, is considering cutting the size of its planned $5.3 billion Hong Kong initial public offering by more than half as investors shun new equity, people with knowledge of the matter said.