Emerging Stocks Decline for Fourth Week on Global Growth Concern
- Stocks post worst weekly streak since August as China slumps
- Currencies retreat as oil pares weekly gain, dollar advances
Will Geopolitics and Growth Woes Impact Emerging Markets?
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Emerging-market stocks posted their longest streak of weekly declines since August and currencies retreated on concern the pace of global growth remains sluggish.
Shares in China declined on speculation the government will refrain from adding fresh stimulus. Hungarian equities fell and the forint slid to the lowest level since March after the economy unexpectedly contracted. Brazilian stocks retreated as traders weighed the impact of a potential change in government. South Africa’s rand slid more than 2.5 percent, the worst performance among major currencies. Russia’s ruble dropped with oil.