Emerging-Market Stocks Post Longest Rout Since August on China
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Emerging-market stocks fell for a fourth day, led by energy companies, on speculation China will expand a property tax trial and as European officials delayed a decision on Greek aid.
OAO Gazprom, Russia’s biggest company, sank to the lowest since May. Diagnosticos da America SA tumbled in Sao Paulo after reporting earnings that fell short of analyst estimates. Evergrande Real Estate Group Ltd. and Poly Property Group Ltd. retreated in Hong Kong. The MSCI Emerging Markets Index lost 0.7 percent to 982.17 at the close of trading in New York, posting the longest stretch of declines since Aug. 30.