Photographer: Xaume Olleros/Bloomberg

Charting the Markets: China Casts a Shadow Over Equities

Euro sinks for seventh week versus the Japanese yen, gold is set for a third annual decline and European stocks fall for the first day in three.

Global stocks fell for the first time in three days as a slump in Chinese equities spread nervousness across Asia and Europe. The Shanghai Composite Index sank 5.5 percent, its biggest drop in three months, as a slide in industrial profits adds to recent evidence the nation's economy is still deteriorating. Regulatory probes into some of China's largest brokerages also weighed on sentiment. U.S. financial markets return for a half-day of trading after yesterday's Thanksgiving holiday.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.