Emerging-market stocks climbed for the first time in three days as Sihuan Pharmaceutical Holdings Group Ltd. led a rally for health-care companies. India’s rupee rose to the strongest level in seven months versus the dollar.
Chinese shares listed in Hong Kong swung between gains and losses, after falling the most in a month yesterday, as investors weighed data showing mainland credit growth miss estimates amid a shadow-banking crackdown.
JD.com Inc., the Chinese retailing website that filed for a $1.5 billion U.S. initial share sale in January, may kick off its offering in the second quarter, three people with knowledge of the matter said.
U.S. stocks declined with emerging- market equities while base metals drove commodities lower as an unexpected drop in Chinese exports fueled concern that growth in the world’s second-largest economy is moderating.
Asian stocks fell, with the regional benchmark index retreating from a six-week high, after reports showed an unexpected slump in Chinese exports and slower growth in Japan than economists had projected.