Bloomberg Returning from vacation is a drag — in life, in stocks. True to form, September started with the worst S&P 500 retreat since June. Anyone hoping last month’s momentum would persist was disappointed. After hitting a record on August 29, the index has fallen on five of six days, with the twin tech pillars of semiconductors and the FAANGs …

Bloomberg China’s currency outperformed its Asian emerging market peers this week, as state-owned banks were said to have squeezed short sellers last week before a potential wave of new US tariffs. After five months of declines, the offshore yuan was poised to become the strongest emerging market Asian currency in the first week of September. State-owned banks bought yuan forward …

Bloomberg India’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp. has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation. Investors and fund managers that met with Indian government officials during a US roadshow last month voiced concern that …