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Bear Grip Tightens on Emerging Stocks as Half of 30 Markets Wilt

  • China, Russia among super bear markets falling more than 30%
  • Malaysia, Thailand, Dubai nearing 20% bear-market decline
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China Rate Cut Sparks Gains in Global Markets

One after another, stock markets in the developing world are sinking into bear territory.

Fifteen of the 30 largest equity markets among emerging economies have extended losses from their peaks to 20 percent or more, fulfilling traders’ definition of a bear market. China and Russia have led the pack, tumbling more than 30 percent each. The remainder are either in a correction, or on the brink.