Emerging Market Stocks Drop as Data Stokes China Economy Jitters
- Brazil’s real declines even after central bank swap auction
- Session marked by low liquidity with the US closed for holiday
Employees produce electronic components at a factory in Nantong.
Photographer: STR/AFP/Getty ImagesThis article is for subscribers only.
Emerging-market stocks declined on fresh signs of economic troubles in China in a session marked by low liquidity with the US market closed for the Labor Day holiday.
The MSCI emerging market equities index fell 0.3% on a closing basis, with losses in Chinese blue-chips such as Alibaba Group Holding Ltd. and Tencent Holdings Ltd. outweighing a rebound in shares of Taiwan Semiconductor Manufacturing Company Ltd.