Commodity Slide Jolts Emerging Markets as Argentine Bonds Climb

Updated on
  • Gauge of 20 currencies ends four-day advance as rand slumps
  • Stock benchmark ends two-day gain as raw-material shares slump

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Emerging-market currencies fell for the first time in a week as a deepening slump in commodity prices hurt the revenue outlook for countries from South Africa to Russia. Argentine bonds gained after Mauricio Macri’s victory in runoff presidential elections.

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