Emerging Stocks Slip Third Day as China Homes Drop Curbs Outlook
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Emerging-market stocks slid for a third day, led by property developer Poly (Hong Kong) Investments Ltd., as the worst month for Chinese home prices since at least 2011 bolstered global slowdown concerns.
The MSCI Emerging Markets Index slid 0.2 percent to 1,061.31 at the close in New York, as energy producers and telecommunications companies dropped.