Emerging-Market Stocks Halt Seven-Day Advance as China Retreats
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Emerging-market stocks ended their longest rally in seven months amid concern slowing growth in China is hurting corporate earnings and South Africa may raise interest rates this year.
Shares in Shanghai fell for the first time in 11 days, ending the longest winning streak in 23 years. Equities in Johannesburg dropped the most in two weeks as investors awaited a central-bank policy statement on Thursday. Riyadh-traded stocks tumbled 5 percent as rebel advances in Yemen boosted chances Saudi Arabia will be drawn into the conflict. Russia’s ruble climbed to the highest level this year as oil rebounded and the government sold bonds.