Emerging Stocks Drop as Apple Sales Hit Asian Suppliers

Emerging-market stocks retreated the most in a week as slower sales growth at Apple Inc. dragged down Asian suppliers and earnings reports disappointed investors.

Hon Hai Precision Industry Co., which assembles Apple’s iPhone, slumped to a five-month low in Taipei. India’s Tata Motors Ltd. lost the most since May as its luxury-vehicle unit said profit margins probably fell. Hyundai Motor Co. slid to a three-week low after the automaker said fourth-quarter net income declined more than expected. Embraer SA surged the most in two years after Brazil’s top plane maker received an order worth up to $4 billion.