Emerging-Market Assets Fall With U.S. Stocks as Commodities Slip
China, Commodities, Currencies Challenge Emerging Markets
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The selloff in commodities deepened, spurring sharp declines in emerging-market assets and weighing on materials producers in the U.S. and Canada.
Copper and silver led a renewed slump in commodities amid speculation China’s economy will face further headwinds. Shares in Shanghai dropped the most in three weeks, while the outlook for higher interest rates from the Federal Reserve also curbed demand for riskier assets. U.S. stocks slipped through their average price for the past 100 days as commodity producers fell.