Emerging-Market Stocks Retreat as Investors Seek Safe Havens
- Decline extends to second day as Turkey, South Africa drop
- Latin America, Middle East and east Europe currencies slump
Are Europe Stocks at Recession Prices?
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Emerging-market stocks fell for a second day amid renewed that global growth is faltering as traders awaited comments from Federal Reserve Chair Janet Yellen for clues about the strength of the U.S. economy.
The Micex Index fell to a two-week low in Moscow. South Africa’s benchmark slipped 2.2 percent. A gauge of 20 developing-nation currencies slipped as declines in the Russian ruble and Argentine peso offset gains in Asian currencies. Markets in China, Hong Kong, Taiwan, South Korea, Brazil and Argentina were closed for holidays.