US and European stocks fell on Friday despite a rebound in Chinese stocks.
The S&P 500 fell 1.1 percent and the STOXX Europe 600 fell 1.5 percent.
Earlier on Friday, though, the Shanghai Composite Index had jumped nearly 2 percent after authorities moved the renminbi higher and suspended the stock market circuit breaker mechanism.
The strengthening of the renminbi could prove temporary though.
According to estimates by Bloomberg, a decline to 7.7 yuan per dollar, from about 6.6, is needed to boost gross domestic product expansion by 0.7 percentage point.
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