MSCI Inc. may add China’s domestic shares to its emerging-markets index this year for implementation in 2015, according to Fortune SG Fund Management Co., a Societe Generale Group and Baosteel Group joint venture.
Indonesian stocks had the biggest drop since August and the rupiah weakened by the most in three weeks after Jakarta Governor Joko Widodo’s party received less support than expected in parliamentary elections.
Indonesia’s biggest exchange-traded fund fell from an eight-month high as early legislative vote results showed the opposition party favored by investors failed to win enough support to run for the presidency without forming a coalition.
Mark Mobius, who oversees about $50 billion at Templeton Emerging Markets Group, said he’s buying technology stocks after a global rout left companies such as Tencent Holdings Ltd. trading at “reasonable” valuations.
Tencent Holdings Ltd. gained for the first time in five days after the company bought its own shares in the open market, spurring speculation that a $32 billion rout in the stock during the past month was overdone.
U.S. stocks fell, pushing the Nasdaq 100 Index to its biggest three-day retreat since 2011 and erasing the year’s gains in the Standard & Poor’s 500 Index, as technology shares extended last week’s selloff.
U.S. stocks fell, pushing the Nasdaq 100 Index to its biggest three-day retreat since 2011, as technology and consumer shares extended last week’s slide. European equities fell from a six-year high and Treasuries rose.