Emerging Stocks Retreat on JPMorgan Forecast, Bahrain Protests
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Emerging-market stocks fell for the first time in three days after JPMorgan Chase & Co. reduced its outlook for equity gains and as protests in Bahrain escalated.
The MSCI Emerging Markets Index slipped 0.1 percent to 1,104.10. Chinese banks declined after a measure of inflation quickened to the fastest in at least six years. Bahrain’s dollar bonds sank, sending yields to a record high, after anti-government protests escalated. Brazil’s Bovespa stock index fell as BM&FBovespa SA, the operator of Latin America’s largest exchange, tumbled 4.7 percent on concern it will face stronger competition.