Sunday September 20, 2020

As oil continues to slump, emerging markets bear the brunt

Developing-nation stocks and currencies fell consistently this week

31st December, 2015
The MSCI Emerging Markets Index is set for an annual decline of 17 per cent Pic: Pixabay

Sentiment toward emerging-market assets turned more bearish as oil slumped below $36 a barrel and concern lingered that the slowdown in China will affect global growth.

Measures of developing-nation stocks and currencies fell for a third day, and are set for the biggest annual losses since 2011 and 1997, respectively. Chinese shares traded in Hong Kongled declines in Asia on Wednesday, while the offshore yuan dropped to a five-year low on speculation the central bank will...

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