Economics
S&P 500 Sinks Most in 18 Months as Emerging-Asset Rout Spreads
Equities Markets Selloff Into the Close
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The rout in emerging-market assets knocked the Standard & Poor’s 500 Index out of its seven-month trading range and sent U.S. equities down the most in 18 months amid mounting concern that global economic growth is faltering.
A selloff in currencies from Kazakhstan to Thailand roiled stocks around the world, wiping out 2015 gains in U.S. equities and sending the U.K. share market into a correction. Investors sought the safety of gold and Treasuries as the S&P 500 breached a key technical level its been above since March.