Chinese stocks posted their steepest weekly loss in a month, as slowing growth in home prices dragged down smaller real-estate companies and China Merchants Property Development Co. reported a drop in profit.
Chinese stocks trading in New York rose, posting their second weekly gain, on speculation the government will take additional steps to stimulate the economy. Weibo Corp. climbed 19 percent in its trading debut.
Charles and David Koch, the billionaire brothers who run Wichita, Kansas-based Koch Industries Inc., added $1.3 billion to their collective fortune yesterday on reports that U.S. industrial production gained more than forecast. The surge elevated their net worth to more than $100 billion, according to the Bloomberg Billionaires Index.