Emerging Stocks Retreat as Ibovespa Leads World Declines

Emerging-market stocks slumped to a four-month low as concern China’s economic growth will falter sank commodity producers from Vale SA to Minmetals Development Co. Brazil’s Ibovespa led losses among global equity indexes.

The MSCI Emerging Markets Index fell 1 percent to 963.11. The Shanghai Composite Index declined to a five-month low as Great Wall Motor Co. drove a slide in automakers, while Minmetals retreated 6.3 percent. The Ibovespa dropped the most among 94 stock gauges tracked by Bloomberg as Vale, the world’s biggest iron-ore producer, sank 3.7 percent. South Africa’s rand slumped to the lowest level since October 2008.