China said data on trade with Hong Kong were inflated by arbitrage transactions that skirted rules, the government’s most explicit acknowledgment that export and import figures this year were overstated.
Hedge funds cut wagers on a gold rally for the first time in three weeks on mounting speculation central banks will curb record stimulus and as this year’s slump in bullion spurred losses for billionaire John Paulson.
Thailand’s benchmark stock index fell the most in more than two years as foreign investors cut holdings of the nation’s assets amid speculation the U.S. Federal Reserve will rein in its monetary stimulus.
Commodities are trailing equities for the longest stretch in almost 15 years as Goldman Sachs Group Inc. and Citigroup Inc. predict the end of the decade-long bull market even as the global economy expands.
Investors should turn to leveraged- loans to preserve income as volatility in the high-yield bonds sparks outflows, according to JPMorgan Chase & Co., the second- largest underwriter of the debt in the U.S.