Emerging Stocks Decline Amid Crisis Signs From Russia to Greece
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Emerging-market stocks fell the most in three weeks as China intensified its crackdown on speculative trading and a flareup in the Ukraine conflict stoked concern that economies in the region are being pushed into crisis.
Citic Securities Co. and Haitong Securities Co. fell in Shanghai as regulators planned a new round of checks into the margin-lending businesses of brokerages. Russia’s ruble weakened for a second day and stocks declined on speculation it will face tougher international sanctions linked to Ukraine. The Ibovespa rose as a weaker Brazilian currency boosted exporters. Greek banks rebounded from a slump driven by the new government’s pledge to end austerity.