Kiyoshi Ota/Bloomberg

Charting the Markets: Global Stock Rally Grinds to a Halt

Japan's Nikkei 225 Index drops 2.5 percent while the Kiwi slumps following central bank rate cut

The three-day rise in global stocks is over as China's economic slowdown and next week's Federal Reserve meeting vex investors once again. After the biggest one-day rise in six years on Wednesday, the MSCI Asia Pacific Index dropped as much as 2.4 percent after Chinese producer prices sunk the most since 2009. The Shanghai Composite Index fell 1.4 percent after a two-day, 5.3 percent gain. Brazil cast a shadow over emerging market currencies after its credit rating was cut to junk by Standard & Poor's.

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