Emerging Stocks Keep Losses After U.S. September Job Loss Data
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Emerging-market stocks stayed lower, paring the benchmark index’s sixth weekly gain, after U.S. jobs data and disappointing earnings overshadowed advances in China and rising fund inflows to developing nations.
The MSCI Emerging Markets Index dropped 0.1 percent to 1,101.27 at 5 p.m. New York time, a second day of declines. The measure is on its longest winning streak since March after it gained 1.4 percent this week. China’s Shanghai Composite Index rose 3.1 percent, while benchmark gauges in Taiwan, South Korea, the Philippines, Indonesia and Thailand slumped. Malaysia’s index was little changed.