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.
The Standard & Poor’s 500 Index rebounded from the worst weekly loss in two years, weathering a selloff in the final hour, after retail sales rose the most since 2012 and Citigroup Inc.’s earnings unexpectedly rose. Treasuries fell with the ruble and commodities advanced on concern the situation in Ukraine is worsening.
U.S. stocks rebounded from the worst weekly losses in two years, weathering a selloff at the start of the final hour, after data showed retail sales increased the most since 2012 and Citigroup Inc. earnings unexpectedly rose.
The ringgit fell the most in three weeks on speculation some investors are buying dollars to take advantage of a favorable exchange rate after the Malaysian currency touched a four-month high yesterday.
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.