China’s stocks dropped, sending the benchmark index to its biggest retreat in five months, amid speculation a weaker property market and falling currency will curb corporate earnings. The yuan sank the most since 2010.
Emerging-market stocks fell as Chinese equities slid the most in seven weeks on concern reduced lending to the property industry will curb growth. Ukrainian shares and bonds rallied as prospects for financial aid grew.
China’s stocks fell, sending the benchmark index to its biggest loss in seven weeks, amid speculation that reduced lending to the property industry will curb growth in the world’s second-largest economy.
China’s stocks fell, halting the benchmark index’s longest stretch of gains since October, after technology companies slid on speculation a rally has been excessive and coal producers dropped on concern profits will slump as the government takes measures to contain pollution.
China’s stocks rallied, spurring the biggest gain for the benchmark index in two months, after the nation’s money-market rates extended declines and Anhui Yingliu Electromechanical Co. soared in its Shanghai debut.
Emerging-market stocks extended their weekly decline, with the benchmark index sinking to a four-month low, on concern that slowing economic growth and reduced Federal Reserve stimulus will spur capital outflows. South Korea’s won dropped to the weakest level in four months.