China leads drop that earnings are over valued

China Sparks Drop in Emerging-Market Stocks; Oil, Copper Fall  Chinese stocks plunged the most in eight months, dragging emerging markets lower, on concern this year’s rally has outpaced prospects for earnings growth. Oil led a drop in commodities. The Shanghai Composite Index fell 5 percent, its biggest decline since Nov. 18, snapping a five-day, 7 […]

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