The MSCI Emerging Markets Index fell 1 percent, the biggest drop in a month. The PCOMP Index in the Philippines slumped 3 percent, the most in September.
HSBC Holdings Plc and Markit Economics said today that their manufacturing purchasing managers’ index for China delivered a reading of 50.2 for September, falling short of an estimate of 51.2 in Bloomberg survey. Fifty is the threshold between contraction and expansion. A report in Japan showed industrial production unexpectedly fell 0.2 percent in August from a year ago, after rising 1.8 percent in July. Analysts surveyed by Bloomberg called for a 0.5 percent gain.
The S&P GSCI dropped 0.7 percent, trimming the gain for this quarter to 3.4 percent, the most in a year. WTI crude oil slid 1.2 percent to $101.69 a barrel, headed for the lowest close since July 3. Brent futures lost 0.7 percent to $107.86 a barrel, while contracts on gasoline slipped 0.8 percent.