Most Chinese stocks fell as investors weighed the implications of Shanghai Chaori Solar Energy Science & Technology Co.’s bond default and prospects for economic reforms at the National People’s Congress.
Emerging-market stocks headed for the longest stretch of weekly gains in more than a year, as technology companies rallied and Indian equities surged to a record. Indonesia’s rupiah strengthened to a four-month high.
The top-performing Philippine stock fund in the past five years has doubled holdings of consumer companies as record remittances boost the spending power of shoppers in Southeast Asia’s fastest-growing economy.
The longest rally in Thai stocks since 2012 is poised to end as valuations climb and the nation’s prolonged political crisis derails economic growth, according to the country’s biggest private money manager.
China’s Tencent Holdings Ltd., the best-performing major technology stock worldwide in the past five years, is mirroring gains by the biggest U.S. computer companies at the height of the dot-com bubble.