Emerging Stocks Slip as China Drop Outweighs Russia, Brazil Gain
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Emerging-market stocks fell for the fourth time in five days as shares tumbled in Shanghai amid concern China will impose measures to cool the world’s best-performing market, outweighing gains in Russia and Brazil.
The MSCI Emerging Markets Index slipped less than 0.1 percent to 1,047.93. The Shanghai Composite Index sank the most in three months as state media warned investors about market risks and concern grew that new share sales will divert funds from existing equities. Russian stocks gained as the exchange re-opened for the first time following an interest-rate cut on Thursday. The Ibovespa rallied to an eight-month high in Sao Paulo as commodity prices jumped.