Worst Week Since Trump for Emerging Stocks Hit by Tencent: ChartBy
Emerging-market stocks haven’t suffered a week this bad since the election of Donald Trump as U.S. president. Little more than one year later, technology company Tencent Holdings Ltd. led the latest setback, in which the MSCI Emerging Market Index slumped 3.3 percent in the five days through Friday. Tencent’s biggest weekly loss since 2015, part of a wider wobble in global tech shares, compounded a broader risk-off mood.
— With assistance by Justin Villamil