Emerging Assets Break Five-Day Winning Streak After Tech Panic

Emerging-market currencies and stocks retreated on Thursday, breaking a five day winning streak in a session marked by jitters around the artificial-intelligence boom.

MSCI’s emerging equity gauge slipped 0.13%, while an index of currencies from the developing world was down by almost 0.1%, snapping a five-day rally. The move was spearheaded by an underwhelming report by Microsoft Corp., which spurred concerns about artificial-intelligence spending and prompted a slump in technology shares.