Emerging Assets Slump on China Selloff as Iran-Saudi Ties SourBy and
China halts trading in stocks after CSI 300 drops 7%
Developing-nation currency gauge falls to record low
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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