Emerging Stocks Decline Third Day as Investors Weigh Fed Minutes
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Emerging-market stocks fell for a third day as investors weighed the minutes from the Federal Reserve’s last policy meeting for clues about the timing of increases in U.S. interest rates.
Hanergy Thin Film Power Group Ltd. plunged 47 percent in Hong Kong as the Chinese solar-equipment maker’s chairman skipped its annual meeting. The Ibovespa slid for a third day amid bets that Brazil could end a tax break for stocks. The Micex Index dropped to the lowest since March in Moscow and the ruble declined to a one-week low. Turkey’s lira rose after the central bank kept all its interest rates unchanged.