Emerging Assets Slump on China Selloff as Iran-Saudi Ties Sour

Updated on
  • China halts trading in stocks after CSI 300 drops 7%
  • Developing-nation currency gauge falls to record low

China Stock Selloff Tests New Market Circuit Breakers

Emerging-market assets sank as a bigger-than-forecast slump in Chinese manufacturing fueled concern that the nation’s economic slowdown will curb global growth and escalating tension between Saudi Arabia and Iran underscored geopolitical risks in the Middle East.

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