Chinese stocks plunge

Chinese stocks fell sharply on Friday but other markets mostly shrugged off the fall.

The Shanghai Composite Index plunged 5.5 percent, its biggest decline since August, after a report showed a decline in industrial profits and regulators clamped down on brokers.

Other emerging markets were also hit, with the MSCI Emerging Markets Index falling 1.4 percent.

However, the STOXX Europe 600 fell just 0.2 percent and the S&P 500 rose less than 0.1 percent.

The yield on US 10-year Treasury notes fell one basis point to 2.22 percent while Germany’s two-year yield dropped to a record minus 0.42 percent.