The Shanghai Composite Index closed down 5.5 per cent on Friday in the wake of a fresh crackdown on brokers who China has deemed responsible for the bursting of the country's equity bubble this summer.
U.S. stocks slipped Friday as energy and consumer-focused company shares weighed on major indexes, following a selloff in Asian markets earlier in the day.
Videos posted on social media late Thursday and early Friday showed shoppers brawling in malls as they jostled to get the best deals at the start of the holiday shopping season.
FRANKFURT The European Union's top watchdog has urged the European Central Bank to stop meeting market players such as hedge funds shortly before setting policy, adding to pressure for it to tighten its rules of engagement.
Confidence among shoppers in Germany has dipped according to a survey, amid worries over Europe's largest economy. The forward-looking GfK consumer sentiment indicator fell to 9.3 points for December from 9.4 points in the previous month.