Emerging Markets Extend Losses as Fed Wake-Up Call Halts Rally

Updated on
  • FOMC minutes show officials were split on need for rate hike
  • Saudi Arabian shares decline after commodity prices fall

Do EM Local Currency Assets Still Offer Value?

Emerging-market stocks fell for a second day and currencies retreated from a 13-month high as renewed prospects for a U.S. interest-rate increase this year sapped risk appetite.

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