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Emerging Market Stocks Slide Most in Three Weeks on Tech Selloff

Emerging Market Stocks Slide Most in Three Weeks on Tech Selloff
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Emerging Market Stocks Slide Most in Three Weeks on Tech Selloff Emerging-market stocks slumped the most in almost three weeks, dragged lower by a global tech selloff that hammered South Korean equities and triggered a 20-minute trading halt. An MSCI gauge for developing-nation stocks dropped as much as 3.9% on Friday, the most since June 8. South Korea’s Samsung Electronics Co. and SK Hynix Inc. each tumbled more than 10% at one point, sending the benchmark Kospi down as much as 9%.

Emerging Market Stocks Slide Most in Three Weeks on Tech Selloff Emerging-market stocks slumped the most in almost three weeks, dragged lower by a global tech selloff that hammered South Korean equities and triggered a 20-minute trading halt. An MSCI gauge for developing-nation stocks dropped as much as 3.9% on Friday, the most since June 8. South Korea’s Samsung Electronics Co. and SK Hynix Inc. each tumbled more than 10% at one point, sending the benchmark Kospi down as much as 9%. An MSCI index of emerging-market currencies rose 0.1% as the dollar was little changed. [Image text:] 49 AKKU %60'0- 1,890 M ARCI 0.00% 2,960 ARTA -0.77% 1,285 AKRAVy
South Korean (ORG) MSCI (ORG) South Korea’s (LOCATION) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) Kospi (PERSON)
Originally published by Bloomberg Markets Read original →