Emerging Stocks Fall on China Growth Concern as Aeroflot Slides

Emerging-market stocks fell as Taiwan Semiconductor Manufacturing Co. led technology shares lower and China’s non-manufacturing industry declined. Russian equities dropped as OAO Aeroflot tumbled to the lowest level since March.

Taiwan Semiconductor sank to a two-month low in Taipei. Aeroflot, Russia’s biggest air carrier, lost 5.9 percent after Vedomosti reported the government is considering European flight restrictions. The ruble fell as the nation pulled its third local bond sale in a row. Currencies in Malaysia, South Korea and Indonesia gained at least 0.4 percent. The rupee stayed stronger after India’s central bank held interest rates.