U.S. stocks fell, with the Standard & Poor’s 500 Index starting the year lower for the first time since 2008, as investors sold shares after the best annual gain in 16 years. Treasuries and gold climbed, while crude oil slid.
China’s stocks rallied the most in three months, led by financial and commodity companies, on speculation the government will take measures to support economic growth after an unexpected drop in exports.
China’s stocks fell, dragging the benchmark index to its biggest loss in a month, as coal producers retreated and investors speculated the government may cut growth targets at an economic policy meeting this week.
Chinese equities rose, with a benchmark gauge erasing losses this year, amid expectations for a recovery in the world’s second-largest economy. Japanese shares and rubber gained after the yen touched a 20-month low.