Economics
Emerging-Stock Rout Worsens on Signs of China to Russia Slowdown
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Emerging-market stocks from China to Russia dropped as data showed the slowdown in the two economies is deepening, while Greek equities slumped as they resumed trading. The ruble led declines in currencies as oil slid.
The MSCI Emerging Markets Index fell 1.2 percent to 890.85, the lowest in five weeks. The dollar-denominated RTS Index slumped 2.8 percent in Moscow and the ruble dropped to the weakest level since February as Brent crude dipped below $50 a barrel. PetroChina Co. led losses among energy companies as Chinese factory data missed forecasts. Stocks tumbled 16 percent in Athens after a five-week closure.