Emerging Markets Roiled as Stock Selloff Surpasses Asian Crisis

  • Ruble drops to record as oil tumbles below $28 per barrel
  • Indian rupee falls to near record as Middle East shares slide

Emerging Market Stocks Sink to Six-Year Low

Turmoil gripped emerging-market assets as the slide in oil made traders and investors increasingly skeptical that governments and central banks can shore up currencies and stimulate their economies.

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