Emerging Stocks Drop to 6-Month Low on China, U.S. Data
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Emerging-market stocks fell, dragging the benchmark index to a six-month low, after China’s non-manufacturing sector grew at the slowest pace in more than a year and orders at U.S. factories unexpectedly fell.
The MSCI Emerging Markets Index fell 1.3 percent to 882.46, extending its decline over the past month to 13 percent. The index earlier touched 877.44, the lowest intraday price since Nov. 25. Hong Kong’s Hang Seng China Enterprises Index slumped