Emerging markets in longest slump since June as volatility jumps - News Summed Up

Emerging markets in longest slump since June as volatility jumps


Gauges of developing-nation equities and exchanges rates fell for a fourth day, and government bonds retreated across Asia, as volatility returned to financial markets. That compares with a multiple of 15.8 for MSCI World Index, which has advanced 1.8% this year. All 11 industry groups in the developing nations’ gauge retreated, with real-estate shares declining for the fifth day. The MSCI Emerging Markets Currency Index dropped 0.2%, extending its 1.5% decline in the last three sessions. China’s yuan rose 0.1% Markets in the Middle East are shut Wednesday and South Korea’s are shut through Friday, for local holidays.


Source: The Edge Markets September 14, 2016 05:15 UTC



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