Economics
Emerging Stocks Decline Most in 17 Months on Oil as Ruble Slides
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Emerging-market stocks fell the most in 17 months as energy shares sank for a fifth day and manufacturing gauges in China and Brazil fell.
Cnooc Ltd. decreased to a five-year low in Hong Kong and Sasol Ltd. tumbled 6.8 percent in Johannesburg. Brazil’s Ibovespa fell the most among major equity benchmarks. The DFM General Index dropped to a five-month low in Dubai. The ruble weakened 1.6 percent. The ringgit posted the steepest two-day slide since 1998.