Emerging Stocks Decline to Seven-Week Low on Fed Rate Outlook

Emerging-market stocks fell to a seven-week low as speculation that the U.S. is close to raising interest rates spurred capital outflows.

South Korean equities tumbled the most since January, led by Samsung Electronics Co. Brazilian lenders led a 1.1 percent gain in the Ibovespa as concern eased that President Dilma Rousseff will face obstacles in implementing measures to close Brazil’s budget deficit. South Africa’s benchmark slumped for a seventh day. Russia’s ruble weakened to a five-week low versus the dollar as a Bloomberg gauge tracking 20 emerging-market currencies fell for an eighth straight day.