Emerging-Market Stocks Halt Nine-Day Advance on Warning
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Emerging-market stocks fell, snapping a nine-day advance, amid concern that the crisis in Ukraine will escalate after NATO leaders warned Russia has troops on a high state of readiness on its neighbor’s border.
The MSCI Emerging Markets Index dropped 0.5 percent to 1,000.17. The Micex Index declined for a second day, led by OAO Sberbank, while the ruble extended this year’s slump to 7.6 percent. Brazil’s Ibovespa retreated from a four-month high as Cyrela Brazil Realty SA led Brazilian homebuilders lower. Turkish bonds ended the longest streak of gains in 11 months amid speculation the central bank will raise interest rates.