Emerging Giants Fade as PetroChina Is Sole Top 20 Stock

Emerging-market companies are disappearing from the ranks of the world’s biggest stocks.

For the first time since 2005, only one developing-nation company, PetroChina Co., is among the top 20 by market value as equity investors pull money out of the countries. The state-controlled oil producer fell to 14th from fourth a year ago, while Industrial & Commercial Bank of China Ltd. sank to 22nd yesterday after losing $38 billion of value. Samsung Electronics Co., South Korea’s largest company, dropped 11 spots to 27th.