Shanghai Composite and Bovespa declined 4% each, while NASDAQ Composite, Nikkei and Korean Composite fell 2% each. Hang Seng fell 3%.
Chemicals companies were in demand during the fortnight. Kothari Petrochemicals, Borax Morarji and Diamines & Chemicals surged 52%, 26% and 24%, respectively.
Steel companies were punished. Prakash Industries, Tata Steel and Vedanta declined 13%, 12% and 10%, respectively. NMDC and Jindal Steel & Power fell 7% each.