Emerging Stocks Fall Led by Poland After Vote; Currencies Weaken
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Emerging-market stocks fell and currencies declined for a sixth day as concern grew the U.S. will raise interest rates. Polish shares dropped after an opposition candidate won the presidential election.
Banks led the biggest equity decline in four months in Warsaw after the vote set up a showdown for a fall election that may unseat one of Europe’s most economically successful governments. ITC Ltd., India’s biggest tobacco company, fell 3.8 percent after its profit trailed estimates. Chinese shares jumped to a seven-year high. Malaysia’s ringgit led currencies lower.