Economics
EM Review: Virus Jolted Stocks and Currencies as Outbreak Spread
- China injected most cash in a year on net basis after holiday
- Brazil, Thailand, Philippines cut rates; Czech Republic raises
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Emerging-market stocks and currencies gyrated last week amid growing concern that the coronavirus outbreak will weigh on global growth. More companies said it will hurt their business and the Federal Reserve warned of disruptions to global markets. While a gauge of equities snapped a two-week losing streak, it ended the stretch on a losing note, while an index of currencies dropped for a third week.
The following is a roundup of news and highlights in developing economies for the week ending Feb. 9.