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Emerging Stocks Fall to Lowest in Two Weeks on IMF, Spain

Emerging-market stocks retreated to the lowest level in two weeks on concern Spain’s failure to respond to a bailout package will worsen Europe’s credit crisis, crimping demand for developing-nation exports.

The MSCI Emerging Markets Index slid 0.1 percent to 996.59, the lowest level since Sept. 26. Brazil’s Bovespa index declined for the first time in three days as Itau Unibanco Holding SA, Latin America’s biggest bank by market value, dropped to the lowest since July. Equity gauges in South Korea, Hungary and South Africa fell. Industrial & Commercial Bank of China Ltd. rallied after state-run Central Huijin Investment Ltd. raised its ownership in the lender.