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Emerging Stocks Fall Most in Week on China, Europe Woes

Emerging-market stocks dropped the most since Aug. 2 after Bank of America Corp. cut its forecast for Chinese economic growth.

The MSCI Emerging Markets Index sank for a second day, losing 0.7 percent to 972.59. Brazil’s Bovespa stock index dropped with mining company MMX Mineracao e Metalicos SA and homebuilder Cyrela Brazil Realty SA Empreendimentos e Participacoes among the worst performers. The Shanghai Composite Index lost 1.5 percent, the most in four weeks. Israel’s shekel fell to a two-week low amid concern the nation is considering a strike against Iran.