CHINA

Shares of Affymetrix jumped about 50 percent during after-market trade Friday, following the announcement.

China's economy was off to a shaky start in 2016, as producer prices fell and the main stock market index lost 10 percent in the first week of trading.

The market saw its worst five-day start to a year on record this week as investors were whipsawed by fluctuating oil prices, robust U.S. job growth data.

After Chinese stocks plunged this week, the now-suspended circuit-breaker is being blamed for exacerbating the situation.

December saw a healthy 292,000 jobs added to payrolls, but wage gains were muted, and many of the new jobs could be seasonal.

The Chinese currency has plunged to its lowest level against the dollar in five years, raising concerns about the affect on global markets.

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Stocks were down slightly mid-session Friday, having given up an early rally that came after a week of volatility in global markets.

The economy added 292,000 jobs in December — finishing 2015 with 2.7 million for the year, which is lower than last year’s total of 3.1 million — as wages remain subdued and unemployment holds steady at 5 percent.

The $460,000 golden statue of the Chinese leader was reportedly demolished as it lacked government approval.

On Friday, Asian and European markets traded mostly higher, capping a week that saw over $2 trillion wiped from global assets.

A retired Chinese army official reportedly said the military will use the airport on Spratly Islands for test flights and to patrol the disputed South China Sea region.

The past year saw deals worth nearly $4.3 trillion — significantly above the previous peak, before the financial crisis, according to a Thursday report.

Despite the continuing turmoil in global markets, hiring in the services sector is expected to have continued at a strong pace in December.

Government intervention is seen to have boosted stocks after Thursday’s sharp falls, and the controversial "circuit breaker" was suspended indefinitely.

The missile was sent to Havana instead of Florida, and authorities fear the incident could have led to loss of sensitive information, according to the Wall Street Journal.

Chinese health officials have advised people to avoid buying freshly slaughtered poultry in local markets.

Indexes climbed early Friday as the country suspended a circuit breaker in an attempt to reassure investors worried by a yuan devaluation.

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Zhou Chengjian, the founder and chairman of the Metersbonwe fashion brand, was named China’s 65th richest man last year.