Emerging Market Stocks Fall in Biggest Weekly Tumble Since 2008

Emerging-market stocks dropped, with the benchmark index posting its biggest weekly loss since 2008, as concern deepened that the global economic slowdown will overwhelm government efforts to support growth.

The MSCI Emerging Markets Index fell 2.2 percent to 861.53 at 5:11 p.m. in New York, extending this week’s retreat to 12 percent. Indexes in Chile, Colombia and Peru declined. South Korea’s Kospi Index tumbled 5.7 percent for the biggest drop among global equity gauges, while Russia’s Micex Index fell 4.5 percent.