Emerging Stocks Fall as Turkish Shares Lead World Losses
This article is for subscribers only.
Emerging-market stocks retreated for a second day amid concern political instability in Turkey and Thailand will escalate. The Borsa Istanbul National 100 Index posted the biggest decline among global equity gauges.
The MSCI Emerging Markets Index decreased 0.2 percent to 993.18. Turkish shares dropped 2.3 percent, while the lira tumbled to a record low after Prime Minister Recep Tayyip Erdogan’s cabinet overhaul failed to soothe investors amid a deepening corruption scandal. The Thai baht slid for an eighth consecutive day as the nation’s Election Commission urged the government to delay a February poll after protesters tried to storm a Bangkok arena where candidates were registering.