Gold Drops for First Time in Four Days Amid Global Equity Rout

Gold fell for the first time in four days as Asian stocks extended a global rout on concern over China’s slowdown and its impact on the world economy. Bullion for immediate delivery declined 0.3 percent to $1,136.84 an ounce at 8:31 a.m. in Singapore, according to Bloomberg generic pricing. The metal climbed 1.4 percent in the previous three days and jumped 3.6 percent in August,...

Aussie Sinks to 6-Year Low as China Threatens Growth Outlook

The Australian dollar hit a six-year low before a report forecast to show slowing domestic economic growth amid signs of a slump in China. The currency fell as low as 70.13 U.S. cents and looks poised to break below 70 cents for the first time since April 2009. It has dropped 4 percent over the past month, the biggest loss among Group-of-10 currencies, as stocks slid. The currency fetched 70.18 U.S. cents as of 8:03 a.m. in Tokyo from...

Oil Retreats Below $45 as U.S. Stockpiles Seen Exacerbating Glut

Oil dropped below $45 a barrel before U.S. government data forecast to show crude stockpiles expanded in the world’s biggest oil consumer. Futures slid as much as 3.4 percent in New York, extending Tuesday’s 7.7 percent decline. Inventories probably increased by 900,000 barrels last week, according to a Bloomberg survey before data Wednesday from the Energy Information Administration. Supplies rose by 7.6 million barrels through...

Asia Stocks Follow U.S. Shares Lower Amid Global Growth Concern

Asian stocks fell, following a decline in U.S. shares, as weak American manufacturing data added to concern about a slowdown in global economic growth. The MSCI Asia Pacific Index dropped 0.7 percent to 125.97 as of 9:02 a.m. in Tokyo. Anemic demand from emerging markets including China translated into leaner factory order books in the U.S., data showed Tuesday. Futures on the FTSE China A50 Index slid 1.5 percent in most recent trading...

Japan Stocks Fall Third Day as U.S. Data Adds to Global Gloom

Japanese stocks fell after the yen rallied and equities plunged in New York as a report showing U.S. manufacturing grew at the slowest pace in two years added to concern about a global economic slowdown. The Topix slipped 1.8 percent to 1,451.76 as of 9:01 a.m. in Tokyo, falling for a third day as all of its 33 industry groups dropped. The Nikkei 225 Stock Average retreated 1.7...