Emerging Stocks Slump as Shanghai Shares Halt Seven-Day Advance
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Emerging-market stocks fell to a seven-week low as Chinese shares slid for the first time in eight days after brokerages curbed margin lending.
The MSCI Emerging Markets Index retreated 0.9 percent to 1,009.52. Shanghai-listed stocks slumped the most since mid-January. Brazil’s equity benchmark declined as lenders slid after data showed faster-than-forecast inflation. Qatar’s benchmark tumbled the most this year as the country’s soccer World Cup plans came under scrutiny. A gauge of developing-nation currencies slid for a ninth day, the longest streak of declines in more than two months.