Verified report from bloomberg.com
NewsMatic brief
The last stretch of a busy week for markets saw stocks churning as bond yields rose, with investors also facing the expiration of a pile of options that spurred a surge in trading volume.
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Volkswagen AG slashed its profit forecast, citing a sharp contraction in China, restructuring costs and a €6 billion ($6.9 billion) writedown tied to sports-car maker Porsche AG. The shares slumped the most in a year.
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