Economics
EM Review: Global Virus Spread Hammered Demand for Risk Assets
- Brazil confirmed the first coronavirus case in Latin America
- Stock indexes in Thailand and Malaysia entered a bear market
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Emerging-market stocks posted their biggest weekly loss since 2011 last week and currencies skidded as the coronavirus spread around the world from South Korea to Iran and Brazil. Currencies and equities posted back-to-back monthly declines and bond spreads widened by the most since August.
The following is a roundup of emerging-markets news and highlights for the week ending March 1.