Business & Finance
Emerging Market Stocks Slide Most in Three Weeks on Tech Selloff
Key Points
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