Gold Gives Up Gains as Commodity Slump Revives Deflation Concern

Gold gave up most of its earlier gains as the meltdown across commodity markets revived concerns over deflation, cutting the appeal of precious metals as a store of value. The Bloomberg Commodity Index of 22 components had its biggest intraday loss in a month, led by declines in wheat and oil. Investors dumped raw materials after China surprised markets by devaluing its currency, making imports of grains, energy and metals more expensive....

Oil Resumes Slide Following Yuan Devaluation as Surplus Persists

Oil fell after the biggest rally in a month in New York as China devalued its currency and OPEC raised output to a three-year high. West Texas Intermediate futures declined as much as 1.8 percent. China, the world’s second-biggest oil user, cut the yuan’s reference rate by the most in two decades allowing depreciation to combat a slump in exports. OPEC production climbed as Iran pumped the most since sanctions were strengthened in 2012,...

Japanese Stocks Decline With Global Markets on Yuan Devaluation

Japanese stocks fell, following global equities lower, after China’s devaluation of its currency heightened concern about slowing growth in the world’s second-largest economy and damped the outlook for exporters. The Topix index declined 0.3 percent to 1,682.55 as of 9:01 a.m. in Tokyo, with all but eight of its 33 industry groups falling. The Nikkei 225 Stock Average slid 0.3 percent to 20,650.18. The yen rose 0.3 percent to 19.54 per...

Asian Stocks Extend One-Month Low as Yuan Move Weighs on Markets

Asian stocks fell, with the regional benchmark index extending a one-month low, after China’s yuan devaluation pushed global equities lower and sent a gauge of emerging-country shares into a bear market. The MSCI Asia Pacific Index dropped 0.2 percent to 139.75 as of 9:02 a.m. in Tokyo, heading for its lowest close since July 8. China lowered the yuan’s daily reference rate by 1.9 percent amid a slew of data showing decelerating growth...

U.S. Stocks Decline With Global Markets as China Devalues Yuan

U.S. stocks slid, following equities’ biggest gain since May, as China’s currency devaluation sparked concern across global markets that the world’s second-largest economy is headed for a deeper slowdown. The Standard & Poor’s 500 Index declined 0.9 percent to 2,084.35 at 4 p.m. in New York, with the gauge holding above its average price during the past 200 days. China devalued the yuan by 1.9 percent, the most in two decades,...