The MSCI Emerging Markets Index fell 0.4%, paring its quarterly gain to 6.7%.
The Shanghai Composite Index slumped the most in more than a week as companies linked to the city’s free-trade zone led declines amid concern recent gains were excessive. Taiwan’s TWSE Index dropped 1.2% and Poland’s WIG20 Index jumped 1.2%.
Copper for three-month delivery on the London Metal Exchange gained for a second day, climbing 0.7% to $7,251.00 a metric ton, after jumping 0.7% yesterday. The metal rose 7.4% this quarter.
West Texas Intermediate crude for November delivery rose for the first time in six days, climbing 0.2% to $102.85 a barrel on the New York Mercantile Exchange. WTI closed yesterday at the lowest settlement since July 3.
Italy’s 10-year bond yields increased 9.8 basis points to 4.34% before the country auctions as much as 6 billion euros ($8.1 billion) of debt tomorrow.
Trading volume for shares in the Stoxx Europe 600 Index was 24% greater than the average of the past 30 days. The gauge has surged 9.8% this quarter, on course for the biggest gain in four years.
Ladbrokes Plc sank 7.6% as the U.K. gambling operator said 2013 operating profit for the digital unit will be below analysts’ estimates. Thomas Cook Group Plc slid 6.6% after the U.K. tour operator said winter bookings have started more slowly than last year.
Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, surged 6.7% after reporting quarterly profit that topped estimates for the first time this fiscal year. Alcatel-Lucent SA rallied 6.3% as people with knowledge of the matter said Nokia Oyj, which is set to become a manufacturer focusing on wireless networks after the sale of its handset business, is evaluating a linkup with the French company. Nokia was little changed in Helsinki trading.
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