American companies have complained for the past year that the headwinds of a strong dollar and a slowing Chinese economy are hurting their earnings. For sellers of scrap metal, used cardboard boxes, and other waste, those headwinds are more like a hurricane.

China has overtaken the US this year as the world’s top venue for initial public offerings, riding a steady stream of small cap listings in Shanghai and Shenzhen together with several multi-billion dollar IPOs in Hong Kong.

Saudi Arabia’s stock market, which on Monday opened up to foreigners, closed lower as local investors were sellers after some sharp early-year gains, while international institutions largely stayed away on valuation concerns.

Much more information in this segment of Wall Street Wrap-up.